In an increasingly globalized world, many individuals and corporations work and do business abroad. As a result, jurisdictions need to define how income earned in foreign countries is taxed. Otherwise, income could be taxed in more than one country, resulting in double taxation. To avoid this, countries have negotiated double tax agreements (DTAs). These tax
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President Donald Trump has called for a sweeping look at regulation of the energy industry — and that includes investments in retirement plans. In an executive order issued last week, Trump called for the Department of Labor to complete a review of energy investment trends and the fiduciary responsibilities tied to proxy voting to determine
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On April 3, House Ways and Means Committee Chair Richard Neal wrote to the IRS requesting six years of President Trump’s  personal income tax returns as well as the returns for eight of Trump’s more than 500 business entities. Neal wants to determine whether the IRS is auditing the President in a fair and impartial manner. And
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Tech giant Apple and Qualcomm settled a legal dispute over royalties and patents on Tuesday and it has Wall Street analysts buzzing over the chipmaker’s prospects moving forward. Analysts at Stifel, J.P. Morgan and Evercore ISI all upgraded Qualcomm on the news. Mizuho Securities, meanwhile, hiked its price target on Qualcomm to $82 per share
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Another one in the books; bias in the TCJA; talking basis; and other highlights from our favorite tax bloggers. School for scandal Boyum Barenscheer (https://myboyum.com/blog/): In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all
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J.B. Hunt Transport Services‘ downbeat earnings call on Monday should put to rest any ideas that the economy is too strong and that the Federal Reserve should tighten interest rates again, CNBC’s Jim Cramer said Tuesday. The trucking and transportation company’s stock sank nearly 5% after missing Wall Street’s expectations and blaming low volume on
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Key Findings Comparisons of capital gains tax rates and tax rates on labor income should factor in all the layers of taxes that apply to capital gains. The tax treatment of capital income, such as capital gains, is often viewed as tax-advantaged. However, capital gains taxes place a double-tax on corporate income, and taxpayers have
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