Tax Notes
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http://www.taxnotes.com 11-01-2012 15:38:18
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A key Senate taxwriter, Elizabeth Warren, is calling on the IRS to crack down on potential tax abuse by real estate investment trusts, especially in the hotel and healthcare industries. Ben Valdez explains: taxnotes.co/3AU22wU
A voter registration group (Voter Participation Center) that’s been accused of violating the terms of its tax-exempt status by favoring Democrats said that it’s simply targeting underrepresented groups that are less likely to be registered to vote. Read more: taxnotes.co/4d2a6co
Singapore’s Ministry of Finance has rejected stakeholder suggestions to limit the application of its proposed domestic top-up tax (DTT) to the wholly owned constituent entities of Singapore-based multinational enterprise groups. From Stephanie Soong: taxnotes.co/4cZSEF3
Proponents of ending VAT on donations obtained a victory when the group advising the European Commission on the future of agri-food recommended eliminating VAT on donated food. Read more from Elodie Lamer: taxnotes.co/3X6IJYo
The U.K. government may include a capital gains tax (CGT) increase in the October 30 budget, but a freedom of information request revealed HM Revenue & Customs projections estimate that rate rises could reduce revenue. Santhie Goundar explains: taxnotes.co/47hdX3P
"Economic interests don’t completely disappear under the gauzy haze of wartime patriotism; tax resistance remains a potent force, even in the face of looming disaster," Joe Thorndike writes. taxnotes.co/47b5NKo
"Is the bill totally dead? Not fully. There are ways that parts of the bill could be split off and possibly moved." ☝️ Cady Stanton on the Tax Relief for American Families and Workers Act. taxnotes.co/4ggK9ID
Estate tax reform may be a target for both parties come the expiration of its doubled exemption threshold at the end of 2025, but the narrow impact of the provision creates complicated political considerations. Cady Stanton explains: taxnotes.co/3XAeM4J
Former President Trump said he supports lowering the corporate tax rate only for companies that manufacture products in the United States. Read more from Alexander Rifaat: taxnotes.co/4gbXMZL
NEW: This week on the podcast, Steve Rosenthal of Tax Policy Center and Don Susswein of RSM US LLP discuss how Congress should handle agency delegation following the Loper Bright decision. 🎧 Listen wherever you get your podcasts: pod.link/TaxNotesTalk
Former OECD tax chief Pascal Saint-Amans has forewarned the EU’s future tax commissioner of the likely failure of #Pillar1 negotiations and possible tensions when the bloc starts collecting the minimum corporate tax. Read more from Elodie Lamer: taxnotes.co/3MyWhqU