Tax News
PRISMA Professional Services offers you a compilation of tax-related news
Taxing Carbon At The Border
Tax Notes chief correspondent Amanda Athanasiou discusses the growing global popularity of carbon border adjustment mechanisms, the EU’s new regime, and how border adjustments can be used to support carbon pricing and environmental policy.
Supreme Court Will Hear Case That Could Upend The Current Tax System
The Supreme Court will hear oral arguments in Moore v. U.S. The case centers on a 2017 provision that requires companies to pay tax on previously untaxed foreign profits.
Supreme Court Hears Landmark Tax Case—Here’s Why It Could Destroy Democrats’ Wealth Tax Plans
Justices could deliver the wealthiest Americans a win by striking down a tax on unrealized income.
Swiss Banque Pictet Admits Conspiring With Americans To Hide Funds
Swiss Private Bank Banque Pictet Admits to Conspiring with U.S. Taxpayers to hide income. The Bank has also entered into a Deferred Prosecution Agreement.
Despite Deficit Handwringing, Congress Proposes More Spending And Tax Cuts
The plan, now exceeding $100 billion, will package an assortment of initiatives to satisfy the demands of both parties by, as usual, running up the deficit.