Tax Policy - A Chicago Commuter Tax Would Drive Business Out of the City A forthcoming spike in pressure on Chicago’s public employee pension system has mayoral candidates turning anywhere and everywhere for funding to make hundreds of millions of dollars in...

Tax Policy - San Francisco Joins California Cities Levying a Gross Receipts Tax on Cannabis Unlike the attention being drawn to San Francisco’s legal troubles with Proposition C, there is less fanfare surrounding Proposition D, which creates a new municipal gross...

IRS Tax News - Proposed foreign tax credit regulations issued The IRS issued proposed regulations on the determination of the foreign tax credit after the changes in the law made by the Tax Cuts and Jobs Act. Source: IRS Tax News - Proposed foreign tax credit...

Tax Policy - San Francisco about to Face a Legal Morass After Voters Approve Proposition C Voters in San Francisco adopted Proposition C earlier this month, adding another gross receipts tax to the city’s businesses. It is a particularly pernicious form of taxation...

Tax Policy - Canada To Adopt Expensing and Accelerated Cost Recovery The Department of Finance in Canada has released its Fall Economic Statement, containing details of its proposal to enhance the cost recovery (depreciation) write-offs of capital investment in...

Tax Policy - EU Likely to Pause on Digital Tax Push According to reports from Politico and other news agencies there is no path to agreement among EU countries on the European Commission’s digital services tax (DST) proposal. For the DST to be adopted at the EU level,...