"While the Biden administration has trumpeted the [#BuildBackBetter Act] as being able to 'rebuild the backbone of the country,' it seems that rebuilding the American start-up wasn’t a top priority in this version of the bill." taxnotes.co/3phMeut
Tax Notes
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Tax Notes
@TaxNotes
Your #1 source for everything tax. News, commentary, analysis. Nonpartisan nonprofit. #LetsTalkTax & #TaxTwitter | Follow our journalists: taxnotes.co/3dvFynI
- The U.K. government should stop framing the loan charge as a tax avoidance issue and see it as “a financial scandal that has all but destroyed trust” in the tax system, a tax lawyer said. 📰 Read more for free:
- Pennsylvania Gov. Josh Shapiro (@GovernorShapiro) reaffirmed support for business tax cuts when asked whether they contradict the Biden administration’s efforts to raise corporate taxes. Read more from @alexrifaat: taxnotes.co/46uK3Jd
- The IRS audits low-income taxpayers more often than higher-income filers because it is short of resources, not because it is targeting them. bit.ly/2mdBKQj
- Read the news article for free: taxnotes.co/3ZQLde7
- More than 100 MPs Call for a 6-Month Suspension of UK #LoanCharge Read @agoodall4's article now outside the paywall: bit.ly/2UNc0td
- Members of the U.K. House of Commons approved a resolution calling on the government to investigate the conduct of HM Revenue & Customs in pursuing unpaid tax from individuals involved in the #LoanCharge controversy. Read more from @PaezWrites: taxnotes.co/3vOiM5U
- The Loan Charge APPG has written to HM Revenue & Customs expressing concerns that tax avoidance promoter convictions “are being misrepresented” and asking how many convictions were loan charge cases. Read the full story from @santhiegoundar: taxnotes.co/418HxFL
- A fresh approach to the controversial U.K. loan charge is needed because affected taxpayers “simply cannot afford to pay” the taxes demanded by @HMRCgovuk, according to a group of U.K. #tax professionals. Read this article for free: taxnotes.co/3CvrHsZ
- A new review of the #loancharge should be conducted to “critically assess the implementation and effectiveness” of the Morse review recommendations and address the continued use of disguised remuneration schemes, U.K. tax professionals said.
- 🎉 Congratulations to @SoongJohnston, who has been named one of @taxgirl's top 100 must-follow #TaxTwitter accounts of 2021! Read her latest works in Tax Notes: taxnotes.co/39LpZoP
- .@policeconduct has recommended that @HMRCgovuk investigate the suicide of a taxpayer who faced a loan charge charge linked to tax avoidance schemes, prompting renewed calls for the charge's suspension. From @SoongJohnston: bit.ly/2H0migB
- "America may soon have a front-row seat to view the relationship between taxes and Black lives because of the newly filed tax felony charges brought against former Minneapolis police officer Derek Chauvin," @willisweighsin writes. bit.ly/2XsfnGf
