Tax & Accounting Blog

Fighting Income Inequality on the Wrong Battlefield

Fighting Income Inequality on the Wrong Battlefield

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

Our New User Experience Showcased in the Cloud

Our New User Experience Showcased in the Cloud

The Thomson Reuters ONESOURCE™ Indirect Tax Product Management team has been writing lately about the many different aspects of the cloud.  In collaboration with our marketing department we recently published an excellent whitepaper titled, “Why Cloud? Why Now”. If you’d like to read it, you can download it here.  We have also been hard … Read More

Section 385 Final Regs. Modify Prop. Regs. to “Minimize Burdens” on Taxpayers

Section 385 Final Regs. Modify Prop. Regs. to “Minimize Burdens” on Taxpayers

In 518-page TD 9790 , October 13, 2016, IRS issued final and Temporary Regulations ("final Regulations") under Section 385 that (1) establish threshold documentation requirements that ordinarily must be satisfied so that certain related-party interests in a corporation are treated as indebtedness for federal tax purposes; and (2) treat certain other … Read More