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UrduThe economy was the top issue for voters in the 2024 presidential election with many Americans feeling the pinch of higher gas and food prices. From foreign conflict in the Middle East to port workers striking for collective bargaining efforts, as well as voters approving minimum wage raises in several states, the U.S. economy continues to lead in many headlines. That said, economists and experts at Michigan State University are available to comment on the economic forecast for the coming year, speaking specifically to the potential implications of tariffs, the stock market, automotive issues and electric vehicles, food prices and agriculture, and education.
Tag: Taxes
How Airbnb Could Help Curb the Rise in Housing Costs
Home-rental platforms like Airbnb are known to drive up housing costs, but a new study shows that doing a better job of collecting the taxes owed by these home rentals appears to slow the rise in home prices.
Definitions of ‘church’ and ‘association of churches’ must be updated to prevent abuse of special legal protections, study argues
New research from Notre Dame Law School Professor Lloyd Hitoshi Mayer highlights how the federal tax law definitions for “church” and “convention or association of churches” require revision to address multiple recent developments in the American religious landscape, including religious organizations seeking such status when Congress did not intend them to benefit from the special protections for such organizations.
CSUF Political Science Faculty Offer Expertise on Major Issues of the 2024 Elections
Political science faculty members and elections experts can speak to key issues of the 2024 elections including the economy, Supreme Court appointments, taxes, and racial and gender inequality. The university is also hosting ballot-related discussions through Election Day. Politics, Administration…
Amid talent shortage, Gen Z and Millennials drive major overhaul in CPA qualification
With an alarming shortage of recruits, the US accounting profession is significantly transforming. Driven by the demands of Millennials and Gen Z, the American Institute of Certified Public Accountants (AICPA) has made substantial changes to the CPA exam. It is…
When Taxes Go Up, Execs Increase Profits from Insider Trading
New research finds that corporate executives are more likely to increase their profits from insider trading when individual state income taxes go up, presumably because the executives are attempting to offset the increased taxes they will be paying.
City-based soda pop taxes don’t effectively reduce sugar consumption
As taxes on sugar-sweetened beverages continue to pop up across the U.S. and abroad, public health experts laud their effect on lowering purchases of the calorie-heavy drinks and encouraging healthier habits. But new research from the University of Georgia suggests many soda taxes might actually not be making much of an impact at all when it comes to improving diets and reducing sugar intake.
Top-100 Tax Law Professor Available to Speak about Inflation Reduction Plan
With President Joe Biden’s $80 billion Inflation Reduction Plan directing funds to the Internal Revenue Service ($45.6 billion chiefly for enforcement) and taxing cryptocurrencies, a relatively new area for the IRS, Albany Law School Professor Danshera Cords is available to share her insight and deep knowledge of tax law.
Tulane expert available to comment on Senate vote on U.S. climate and tax bill
Tulane University climate change policy and politics expert Joshua Basseches is available to discuss the historic vote on the Inflation Reduction Act and how it will impact efforts to combat climate change. Basseches is the David and Jane Flowerree Professor…
Cut tax incentives and multinational firms will cut investment and employment
A new study from the University of Iowa’s Tippie College of Business finds that when the European Union overruled tax incentives offered by four European countries to U.S. multinationals, subsidiaries of those firms reduced their investment by an average of $7.6 million.
Startups near state lines gravitate toward side with lower property tax
Researchers at Iowa State University found significantly different state tax rates affect where new businesses set up shop near state lines and that property taxes have the greatest adverse effect since new businesses may pay property taxes even if they are not generating any revenue.
Local Floridians to lose in tax battle between Disney, DeSantis
The Florida House of Representatives voted to revoke Disney World’s special tax status after clashes between the company and Governor Ron DeSantis over the “Don’t Say Gay” Bill. Disney has traditionally been allowed a special tax district, giving the company…
Eliminating cash could benefit average U.S. families
Soon, $50 and $100 bills may be a thing of the past.
Study Highlights Benefits of Tax Planning For Companies Facing Financial Constraints
A law governing pensions gave business scholars an unprecedented research opportunity to understand the impact of financial constraints.
Tax Season Kicks off Tomorrow: Kogod School of Business Tax & Accounting Experts Available for Interviews
WHAT: With changes to tax codes and policies due to COVID-19, tax preparers, CPA’s and individual filers may need additional help to understand the changes. In addition, tax season is shorter, with the IRS accepting taxes starting this Friday, February…
Sweetened beverage sales bounced back quickly after Cook County tax repealed
Following the repeal of the short-lived Cook County, Illinois Sweetened Beverage Tax, sales of sweetened beverages went right back to where they were before the tax went into place, according to a new study.
2nd annual “Doing Business” report ranks North American cities by ease of doing business
The Center for the Study of Economic Liberty at ASU has released the second edition of its signature Doing Business North America report, which provides objective measures of business regulations across 130 cities in 92 states, provinces and districts in the U.S., Canada and Mexico.
Undocumented immigrants pay more taxes than President Trump
On Sunday, the New York Times revealed findings related to President Trump’s taxes, including that President Trump paid very little in federal income taxes over the course of the past 10-15 years, and in some years paid nothing. Steve Yale-Loehr, professor of immigration…
U.S. tax scholar available to comment on Donald Trump’s tax returns
An investigation by the New York Times published Sunday revealed several stunning revelations about Donald Trump’s tax returns, including that he paid only $750 in federal income taxes the year he won the presidency and paid no federal income taxes…
In Mazars v. Trump, result will hinge on closed-door conference
The U.S. Supreme Court heard arguments Tuesday in the Trump v. Mazars case, which will determine if the U.S. House of Representatives can subpoena a third party for President Trump’s private financial records. Jens David Ohlin, vice dean and professor…
WashU Expert: What tax refunds tell us about use of CARES payments
A $2 trillion, bipartisan relief package — the largest in U.S. history — was signed into law March 27 to address the economic downfall fueled by the COVID-19 pandemic. Will it help?Research examining how households use similar payouts, like the tax refund, can help shed light on what households might do next, says an expert on asset building at the Brown School at Washington University in St.
Coronavirus, Tax Relief, and Recovery Rebates: What You Need to Know
Like Christmas, St. Patrick’s Day, and the Fourth of July, Tax Day in America is associated with the same calendar date each year. But as everything around us has been impacted by the COVID-19 pandemic, so, too, has the deadline…
Study: Corporate Tax Incentives Do More Harm Than Good to States
A study of tax incentives aimed at attracting and retaining businesses finds that the vast majority of these incentives ultimately leave states worse off than if they had done nothing.