With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives. | France to press Biden team on digital taxes | | By William Horobin 2 min read | | France is hoping for a quick end to the simmering transatlantic trade battle over its tax on technology giants such as Facebook Inc. as soon as President-elect Joe Biden takes office. | |
| Global tax avoidance costs countries $427B each year: Report | | By Michael Cohn 4 min read | | Taxpayers around the world lose at least $427 billion each year to individual tax evasion and multinational corporate profit-shifting, which undercuts public funding for a COVID-19 response, according to a new report. | |
| SPONSOR CONTENT | | State of Audit 2021 | | What are the hot topics impacting auditors the most and how to improve your audit quality going into 2021? | |
| Congress blasts IRS for limits on forgiven PPP loan tax breaks | | By Laura Davison and David Hood 2 min read | | The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven. | |
| WEB SEMINAR | | Total firm management: Trends and technology for 2021 and beyond | | Get a head start on 2021! Many firms had to abruptly change directions this year, but it’s never too early to start planning for next year. Find out what trends are influencing accounting firm technology strategies and how firms are looking to innovation to become more resilient and agile. | |
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