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Democrats Worried Over Wealth Tax Design Other Plans to Tax Rich

Democrats Worried Over Wealth Tax Design Other Plans to Tax Rich

With growing confidence that they could win the White House and Senate in 2020 and maintain their House majority in 2020, Democrats are devising ideas that could raise trillions of dollars from the wealthy without the technical and constitutional challenges of Warren’s wealth tax, which Bernie Sanders, her rival on the party’s left flank, has also embraced.

OECD Blueprint to Shake Up the International Tax Rules

OECD Blueprint to Shake Up the International Tax Rules

The new nexus rules seeks to bridge the gap between the current international tax rules (based around physical presence/permanent establishment concepts) and the highly digitized business models that enable businesses to sell remotely without creating a taxable presence in the market jurisdiction (under current rules).

Why climate change is so hard to tackle: Our stubborn energy system

Why climate change is so hard to tackle: Our stubborn energy system

From Axios.com History shows that energy transitions take many decades and overlap, as Reuters analyst John Kemp wrote in a must-read column late last year. “The United States was still using more fuel wood in the 1910s than it had in the 1840s — even though wood had been clearly overtaken by coal and to a lesser extent petroleum as an energy source.”

Huawei Founder Sees ‘Live or Die Moment’ From U.S. Uncertainty

Huawei Founder Sees ‘Live or Die Moment’ From U.S. Uncertainty

Ren Zhengfei warned in an internal memo the company is at a “live or die moment” and advised underutilized employees to form “commando squads” to explore new projects. Workers who fail will have their salaries cut every few months and may lose their jobs, the billionaire said yesterday.

IRS Is Tracking Down 10,000 Crypto Owners to Pay Back Taxes

IRS Is Tracking Down 10,000 Crypto Owners to Pay Back Taxes

The IRS in 2014 classified all virtual currencies as property for tax purposes, meaning the assets -- much like a home -- can be sold at a profit and trigger tax implications. Taxpayers who haven’t been notified by the IRS and may have underpaid or avoided taxes for cryptocurrency transactions still could seek some relief by coming forward before the IRS finds them.

Should you max out your 401(k) or IRA at the beginning of the year?

Should you max out your 401(k) or IRA at the beginning of the year?

The idea is that more time in the market can potentially lead to higher returns over time. This is especially true for a Roth IRA, an investment account that is funded with money that has already been taxed, because its main benefit to investors is tax-free growth.

Post TCJA Bonuses Were Mostly a Timing Shift

Post TCJA Bonuses Were Mostly a Timing Shift

Rather than a secular upward shift in workers’ compensation, private-sector bonus payments fell substantially in the first quarter of 2019, continuing a trend that began in the fourth quarter of last year. this is the classic pattern of a tax-motivated timing shift.