Changing tax laws can be confusing in the best of times. Add on the complications brought about by COVID-19? Suddenly everything is even more complicated. But there’s no need to sift through endless information online to figure out which tax updates will be relevant to you — we’ve gathered the top seven 2021 tax changes
Taxes
As 2021 comes to a close, countries are moving toward harmonizing tax rules for multinationals, but stalled talks on the Build Back Better Act (BBBA) in the United States means new uncertainties for a global agreement and for taxpayers. Despite the 2017 U.S. tax reform serving as inspiration for current discussions of a global minimum
Interactive: Compare Your State Executive Summary The Tax Foundation’s State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure