Practitioner Insights
Welcome Back to New York. Where Are Your 2020 Taxes?
Some high-earning New Yorkers and Californians are coming back home. Nishant Mittal of Topia warns that some who argue they were not residents in 2020—or 2021—will be audited, and most will lose. Here’s what he says to look out for.
U.K. Domiciled Versus Non-Domiciled: Why Does it Matter Post Brexit?
Liz Cuthbertson of Mercer & Hole explains how U.K. domicile may affect an individual’s tax situation, including the potential impact on their worldwide assets, and discusses what practical steps they need to take to manage their tax position.
U.S. Tax Law Helps Multinationals Instead of Domestic Companies
We’ve all seen the headlines suggesting that multinational corporations use paper tax games to shift profits—and avoid paying U.S. taxes. In an Op-Ed, Zach Mottl of Atlas Tool Works, argues that multinational corporations should not be allowed to avoid taxes by reporting one set of books to their shareholders and another set to the IRS.
Harnessing the Nigerian Government’s Tax Incentives for Road Construction
Temitope Samagbeyi of EY discusses a tax incentive introduced by the Nigerian federal government to incentivize and promote private sector funding for road construction and repair, particularly in economically disadvantaged areas, and looks at how companies can apply to and operate the scheme.
Two Smart Retirement Tax Moves to Consider Before Year-End
With the end of the year just around the corner, now is the time to consider year-end strategies for tax planning. Ed Slott, CPA, suggests that low tax rates offer opportunities for some taxpayers to make some smart retirement moves.
IRS Criminal Investigation Report Highlights Pandemic Year Work
Spotlight on VP of Strategy Christiaan van der Valk
Commentary & Opinion
U.S. Tax Law Helps Multinationals Instead of Domestic Companies
We’ve all seen the headlines suggesting that multinational corporations use paper tax games to shift profits—and avoid paying U.S. taxes. In an Op-Ed, Zach Mottl of Atlas Tool Works, argues that multinational corporations should not be allowed to avoid taxes by reporting one set of books to their shareholders and another set to the IRS.
Democrats Shouldn’t Suspend the Gasoline Tax
Some centrist Democrats in Congress are pushing for a suspension of the gasoline tax, on the federal and state levels, and it’s not hard to see why: Many of them face tough odds for re-election next year, and rising fuel costs affect every one of their constituents. From both a political and economic standpoint, the plan has some appeal.
