Taxation is crucial to the functioning of the modern state. Tax revenues pay for public services - roads, the courts, defence, welfare assistance to the poor and elderly, and in many countries much of health care and education too. More than one third of national income in the industrialized (OECD) countries is on average taken in taxation. Taxes affect individuals in many ways. Taxes paid on income and spending directly reduce taxpayer disposable...

What works best for clients? Learn the pros and cons of the LLC, general partnership, limited partnership, and limited liability partnership by focusing on planning and potential tax traps. This title offers a review of distinct advantages of these entities coupled with an examination of the risk members and partners face if they do not have a solid tax plan to minimize their exposure. In addition, the authors explore some of the more intricate rules...

For decades, countries have used reduced corporate tax rates as incentives to attract multinational enterprises, or MNEs. But new G-20/OECD international taxation rules aimed at preventing legal maneuvers such as tax-base erosion and profit shifting to avoid paying corporate taxes will have major ramifications for MNEs by 2024. The authors explain the potential impacts of the new rules and suggest four ways C-suites should respond so that their companies...

Whether your organization is contemplating a global move or is already involved in international business, you need to know about the activities that create multi-jurisdictional tax exposure and the required tax reporting for each relevant jurisdiction. Information is provided for Tax Reform and the impact of the Tax Cuts and Jobs Act of 2017, this guide covers international tax terminology and regulations that apply to a U.S. entity involved in global...

A complete guide to taxes for small businesses, brought to you by the leading name in taxes The over 30 million small businesses in America are the essential backbone of the American marketplace. J.K. Lasser's Small Business Taxes 2022: Your Complete Guide to a Better Bottom Line helps owners save as much as possible on taxes. If you own a small business, this comprehensive guide provides a pathway to quickly determine your tax liability and what...

"The concepts of taxes and government funding are broken down in this volume in a way that early-elementary-level readers will understand and find captivating. The history of taxes is covered from ancient Rome through pre-Revolutionary America. The text also explores the different types of taxes and how taxes are used in the United States today. Sidebars encourage readers to think critically about the topics discussed in the text and how taxes relate...

"The postwar United States enjoyed large, widely distributed economic rewards--and most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a "second American Revolution," setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy,...