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Schumer Weighs Tax to Enable Wage Hike: Stimulus Update
The White House has declined to take a position on new proposals to impose a penalty on big U.S. companies as a way to push through a minimum-wage increase. The initiative put forward by two Senate committee chairs threatens to complicate passage of President Joe Biden’s $1.9 trillion pandemic-relief bill.
Democrats Scramble to Add Wage Hike Without Slowing Stimulus
Democrats are racing to salvage a key progressive agenda item -- higher wages for low-paid workers -- but they are running out of time to attach it to their $1.9 trillion stimulus bill and pass the legislation by a March 14 deadline.
Soaring U.S. Incomes Help Drive Biggest Spending Gain Since June
U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months.
Marijuana Dispensary Urges Supreme Court to Review IRS Summons
A Colorado marijuana dispensary argued the U.S. Supreme Court should consider a challenge to an IRS summons over possibly improper business deductions because the case offers an opportunity to address the definition of constitutional income under the 16th Amendment.
OECD Explores Streamlining to Smooth Adoption of Minimum Tax
The Organization for Economic Cooperation and Development is exploring measures to help countries implement its global minimum tax proposal, it said Friday.
Start Now on Remote-Work Tax Planning for 2021: Opinion
Many employees are approaching the one-year mark of working from home, with no set date to return to the office. For those who live in different states from where their employers are based, tax returns due this year and beyond may be particularly
‘Sham Transactions’ Trigger States to Crack Down on Tax Havens
Lawmakers in a half-dozen states are considering measures that would tighten their statutes for taxing large multistate corporations and crack down on tax avoidance strategies involving intercompany transactions.
Podcast: Tax Season May Be Tough for Novice Traders
Retail investors had the opportunity to make a lot of money thanks to recent spikes for GameStop, AMC, and other stocks. New traders who cashed out big gains in 2020 could face complications this tax season.
Trump Rejected as Supreme Court Lets Prosecutor Get Taxes
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For Novice Stock Traders, Tax Season Could Be Tough
