Tax & Accounting Blog

Author: Marianne Chionglo After the much publicized Flint, Michigan, water crisis where dangerous levels of lead were found in the town’s drinking water, many more cities have reported toxic lead levels in their drinking water as well. Bottled water has been shipped in for residents to use in lieu of drinking water that … Read More

On December 15, 2016, Bill C-29 (“Bill”) received Royal Assent by the Canadian Parliament, implementing certain proposed and confirmed provisions from the March 22, 2016 budget. The Bill includes amendments to the Income Tax Act (“Act”) with respect to CbC reporting (proposed in March 22 budget) and the common reporting standard for the … Read More

Businesses have often been faced with the decision in harsh winter weather to either close or ask their employees to work remotely (provided they have power and internet access). Those who are unaccustomed to working from home may scratch their heads wondering how they can be productive in such an alien work environment. But snow … Read More

David Brunori is a partner at Quarles and Brady and a Professor at The George Washington University. The Portland, Oregon city council recently voted to impose a unique (and uniquely bad from a policy perspective) tax on corporations. The tax will address “income inequality” in Portland, presumably by making everyone poorer. If the law goes … Read More

Author: Ankita Bajaj Every holiday season we all notice that our waist bands get a little bigger and our wallets get a little thinner. My family spends so much time feasting around the table that Christmas gift shopping becomes a last minute dash. The siblings in my home are always scurrying around trying to find … Read More

China State Ministry of Finance and State Taxation Administration declared on 1 October 2016 that ordinary cosmetics will not be charged with consumption duty, and the tariff for the consumption duty on high-grade cosmetics will be lowered from 30% to 15%. After the amendment, there are only six non-zero tariff lines remaining – perfumes and … Read More