In the blogs: Yes, you May accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
IRS Commissioner Chuck Rettig’s recent comments before my former colleagues on the Senate Finance Committee represents the larger problem with any proposal to raise the federal corporate income tax rate. As Commissioner Rettig noted last month, “The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year,” an estimate “far beyond the official $441 billion difference between taxes paid and taxes owed annually.” Any increase to our country’s globally competitive corporate tax rate would be the wrong solution to the wrong problem. Worse still, raising the corporate rate wouldn’t just grow the foregoing tax gap – it would also grow the competitiveness gap between the United States and the countries with which we vie for investment and jobs.
We’re here today to announce a new effort to fight back against New York and follow long-held Supreme Court precedent to help cut taxes for New Jersey workers and families, and to support our own state, which could use the extra nickels.
We all know this hasn’t been an easy time for our country, or for New Jersey. More than a year ago, we were literally in the eye of the COVID-19 storm.
Back then, New Jersey issued its statewide stay-at-home order in accordance with CDC guidance so that we could help stop the spread of the virus, prevent our hospitals from becoming overwhelmed, and save lives.
IRS Computers Are Behind On Debiting Scheduled Payments forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
$3,600 Stimulus Payments for Families to Start in July gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.