[ad_1] NASHVILLE, Tenn. (WTVF) – At the same time that some lawmakers are considering the legalization of medical cannabis, a bill has also been introduced to tax cannabis products. Republican State Representative. Chris Hurt has introduced a bill to tax everything made from cannabis in Tennessee. This includes Delta-8 THC,Read More →
[ad_1] (The Center Square) — As more Americans move to lower-taxed Republican-led states, a new report from the Tax Foundation indicates that tax levels play a direct and indirect role as factors contributing to migration patterns. Taxes “often play an indirect role in contributing to an overall favorable economic environment.Read More →
[ad_1] By Phillippe Benoit and David R. Hill Recently, much attention has been focused on the inequalities in our tax system that allow some of the wealthiest in the United States to pay very little tax. Energy costs are another area that may raise similar concerns, as poor households sometimesRead More →
[ad_1] The US Congress is turning its attention to something called the Build it Back Better (BBB) bill. Now is a good time to think critically about the political economy of our national debt. It’s good to start with a few facts and recognize what we know and what weRead More →
[ad_1] Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on some multinational companies creates the potential for double taxation for some insurance companies, according to a comment from AM Best. The Organization for Economic Co-operation and Development (OECD) announced on October 8,Read More →
[ad_1] Halloween shoppers have many delicious decisions to make before candy treats show up on their doorstep. And in many states, those choices will change the amount of taxes they pay. This example illustrates how state sales taxes can affect taxpayers, retailers, and buyers of Halloween candy in unexpected ways.Read More →
[ad_1] Halloween shoppers have many delicious decisions to make before candy treats show up on their doorstep. And in many states, those choices will change the amount of taxes they pay. In Illinois, for example, residents pay a higher state sales tax rate on peanut butter cups, gummy worms, andRead More →
[ad_1] Major advanced economies in the Group of Seven are close to a deal on corporate taxation of multinationals, paving the way for a global deal later in the year to create new rules for imposing levies on the largest companies around the world. A G7 pact could be sealedRead More →
[ad_1] There is often confusion among taxpayers regarding Tennessee’s “truthful tax” and “certified tax rate” laws. Laws require appraisers to certify the “full assessed value” of taxable property, new construction and improvements not shown on the previous tax roll and removals from the tax roll in jurisdiction to the governingRead More →