Tax & Accounting Blog

U.S.  Executive Branch Reviewing Proposed Debt-Equity Regulations

U.S. Executive Branch Reviewing Proposed Debt-Equity Regulations

On September 30, 2016, the White House Office of Information and Regulatory Affairs (OIRA) updated its description of the Proposed Section 385 Regulations, which are now classified as "economically significant" and having "international impacts.” A regulatory action is determined to be "economically significant" if OIRA determines that it is likely to … Read More

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

The European Commission (EC) ruling that Ireland provided illegal tax benefits to Apple could cost Apple €13 billion ($14.5 billion) and significantly impact how companies do business in Europe. The ruling also underscores the challenges the EC increasingly faces and predicts how decisions made in Brussels could impact US tax revenues. The EC takes a … Read More

Kentucky County Taps New Revenue Stream to Fund 911 Services

Kentucky County Taps New Revenue Stream to Fund 911 Services

In a unique approach to funding area 911 services, the fiscal court of Whitley County, Kentucky has voted to impose a 911 surcharge on its citizens’ monthly water bills. For decades, state and local governments across the country have imposed monthly surcharges on residents’ phone bills in order to fund 911 emergency response … Read More