I then explain the different tax implications of expensing and depreciation. As you can see, our budding entrepreneur faces a much higher tax burden when forced to depreciate the cost of the lemonade stand. For all intents and purposes, depreciation mandates that businesses overstate profits. This...
I’d agree, that for younger people in the first half of their career an ISA scores all round, on flexibility if nothing else. But for older people within 10 years of retirement, the pension looks much more attractive. I am not sure that the standard angle of save for a pension as yo...
The tax treatment of dividends from legitimate small businesses was different *for a reason*. Proper small businesses have to take care of all kinds of things that companies’ take care of for their own employees, and employees have all sorts of rights and financial safeguards that you don’t...
the price dropped a bit but the majority of his portfolio was bought for less than the 2008 price so it may not be worth the hassle to harvest a small amount of losses at this point.
A lot has happened these past two months: the Upper House of Parliament adopted the 2021 Tax Plan package and the bill on the Liquidation and Cessation Loss Schemes Limitation Act. We will discuss this and also the implications of the newly announced loss set-off rules for accounting purposes...
which is important both for understanding the future implications on affected clients’ financial plans, but also because the potential for 2021 to be a major year of tax legislation that could influence tax planningtoday, through the end of the year (after the election outcome is ...
2401(a), applies to this case and, if it does, what the implications are for this appeal. Perez-Guzman v. Lynch, 835 F.3d 1066, 1077-79 (9th Cir. 2016), cert. denied, 138 S. Ct. 737 (2018). Additionally, the parties are permitted, but not obligated, to file optional ...
Defenders of the OECD will claim I’m being unfair because the report explains that policy makers should be aware of “incentives to work, save and invest, and ultimate implications for economic growth.” Yet that is just a throwaway line. To the extent that the report mentions growth, the...
I realize the election is just a few days away and there aremany bad ideastoanalyzefromboth candidates, but I can’t resist sharing this preposterous soundbite from a woman at the (horribly misnamed)International Growth Centreat the London School of Economics. ...
…One of the remarkable implications of capital export neutrality is that tax avoidance and tax evasion are equally undesirable. Indeed, the theory is based on the notion that all forms of tax planning are harmful and presumably should be eliminated. And I then explained why I think the CEN ...