By Ryan Johnson The Trump administration hasn’t ruled out increasing the gas tax to help finance a $2 trillion infrastructure plan, but the idea has little support among officials who are wary of a politically risky move heading into the 2020 election. A near doubling of fuel levies wouldn’t be enough to cover the additional […]

The sale of a business is usually a big event in the owner’s life. Many people work for decades or a lifetime before selling. Others build and sell multiple businesses every few years. There are also mega and serial buyers and sellers like Warren Buffett, one of the most tax savvy of all. Selling a business […]

Taxes are just around the corner, including for cryptocurrency. Cryptocurrency is just like any other asset class when tax season comes around. Unfortunately, cryptocurrency taxes appear so complex that few people file them. Others see cryptocurrency as a means to move money illegally – which means avoiding cryptocurrency taxes entirely. As cryptocurrency becomes more mainstream […]

“China might prefer to wait out the current U.S. administration, rather than embarking on potentially futile negotiations,” said one analyst. China cannot hold talks with Washington on ending their escalating trade dispute while the United States “holds a knife” to Beijing’s neck by imposing tariff hikes, a Chinese official said Tuesday. The warning followed the […]

BRUSSELS – McDonald’s (MCD.N) avoided having to repay millions of euros in back taxes after EU antitrust regulators said that its tax deal with Luxembourg was not illegal, citing quirks in the Grand Duchy’s bilateral tax treaty with the United States. The decision by the European Commission came after a three-year long investigation, part of […]

The Tax Cuts and Jobs Act, signed into law last December, provided qualified pass-through businesses with a 20 percent deduction, bringing the effective tax rate for those businesses down to 29.6 percent.   The law established conditions that would have to be met for a company to qualify for the deduction, and it expressly excluded most […]

By Laura Desmond Businesses of all sizes are looking for financial incentives to increase their revenue base. For billboard operators who want to increase their digital advertising reach, the 2017 tax reform package offers big reasons to expand. The latest tax reform package was signed into law on December 22, 2017 and gives tax deductions […]