Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual. | The risks of tax season | | By Roger Russell 5 min read | | Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual. | |
| Democrats shelve minimum wage tax to speed stimulus | | By Steven T. Dennis and Erik Wasson 4 min read | | Senate Democrats are jettisoning a proposal to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Biden’s broader stimulus plan on track. | |
| U.S. drops digital tax demand, opening door to global deal | | By Birgit Jennen, Saleha Mohsin and William Horobin 2 min read | | The U.S. has dropped a key demand in negotiations over digital taxation of technology companies such as Alphabet Inc.’s Google and Facebook Inc., lifting a barrier that had raised transatlantic trade tensions and prevented an international deal. | |
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| Corporate-tax proposal in Senate stokes economists’ concern | | By Olivia Rockeman 3 min read | | A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama. | |
| Trump’s tax returns arrive at Manhattan prosecutor’s office | | By Greg Farrell 1 min read | | New York prosecutors have received eight years of Donald Trump’s individual and corporate tax returns from the former president’s accounting firm, according to a spokesman for Manhattan District Attorney Cyrus Vance Jr. | |
| Key senators float corporate tax to enable minimum-wage hike | | By Laura Davison, Erik Wasson and Steven T. Dennis 4 min read | | Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden’s push to boost the minimum wage to that level in his COVID-19 aid bill. | |
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