TAX PRO TODAY

Tech news: Vertex intros solution for VAT calculation and reporting, and more

By Ranica Arrowsmith      

DataRails earns blockbuster Series A funding; and BKD recognizes firm innovators. Read story →

Senate Democrats split on spending as Biden meets Sanders

By Erik Wasson and Justin Sink       4 min read

Lawmakers remain divided on the size and scope of the fast-track budget reconciliation bill intended to include a raft of social spending and tax increases. Read story →

Yellen sees U.S. companies pushing to back global tax deal

By Christopher Condon       3 min read

Treasury Secretary Janet Yellen said U.S. companies are likely to provide crucial support in pushing lawmakers to back a global overhaul of corporate taxation, helping overcome Republican opposition that may slow or stop ratification of an accord endorsed by Group of 20 nations over the weekend. Read story →

EU delays push for digital levy to focus on global tax deal

By Aoife White       3 min read

The European Union said Monday it would postpone its push for a controversial digital levy to focus on a negotiation over a broader minimum global tax deal. Read story →

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Yellen sets out timeline for Congress on global tax deal

By Christopher Condon       3 min read

The Treasury Secretary hopes Congress can take up two key portions of a global tax agreement endorsed by Group of 20 finance ministers.  Read story →

Billionaire earl to use $300M real estate windfall to pay tax bill

By Ben Stupples       2 min read

The 8th Earl Cadogan, will use most of the proceeds of his family’s real estate business from the past decade to settle a U.K. tax charge. Read story →

France sees tax deal near, pushes for minimum rate above 15%

By William Horobin and Maria Tadeo       2 min read

French Finance Minister Bruno Le Maire said he is confident the Group of 20 economies will back a deal on international tax, even as his country pushes for a higher minimum corporate rate. Read story →

G-20 finance ministers set to endorse global tax deal

By Alessandro Speciale and Alex Morales       1 min read

The tax deal proposes a minimum corporate levy of at least 15%, and new rules for dividing up the tax revenues from the world’s largest companies — particularly U.S. tech giants. Read story →

IRS gives tax-exempt status to Christian political group after backlash

By Michael Cohn       4 min read

The Internal Revenue Service agreed to grant tax-exempt status to Christians Engaged, a nonprofit that urges Christians to pray for elected officials and vote, after coming under pressure from conservatives. Read story →

Global tax deal will survive Europe digital-tax plan, OECD says

By William Horobin and Maria Tadeo       2 min read

The European Union’s plan to propose a new digital-services tax is unlikely to undermine global talks aimed at eliminating such levies, according to the head of the international group spearheading the discussions. Read story →

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Tax legislation update and tips for generating client engagements and revenues in 2022

Tuesday, July 13, 2021 2:00 PM EDT

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