Tracking shifting trends in tax
Accounting Today
Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professional
Nontax events during the past year had an increasingly intense impact on taxes of all kinds, a result of the growing interconnectedness between individuals, businesses and governments worldwide, and more of today’s top stories.?
COVID and other worldwide issues led to major changes in a wide range of taxes, according to a new report.
In other news today:
Tax proposals in the Biden administration’s budget include plans to raise the corporate tax rate to 28% and to tax the unrealized capital gains of “extremely wealthy” individuals.
The administration is calling for more than $2.5 trillion in tax hikes on wealthy and large corporations over a decade.
The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.
President Joe Biden made a fresh effort on Monday to persuade Congress to take steps to overhaul the tax code and squeeze more revenue from the largest companies and the wealthiest households.
Xero deepens ties to Hispanic and Latino communities; the IFRS Foundation is looking for tech-savvy accountants; and more accounting technology news from the past week.
Sign up here to receive Accounting Today's Daily Newsletter — delivered to your inbox every morning.
Retired Accountant in the USA and Former Character Actor in the Philippines in the 1960s
2 年Nice, accounting today. ??
Administrative Assistant at Cisco
2 年Network neurospinal quantum computing programming