The Taxpayer Bill of Rights is a document that outlines the rights of U.S. Taxpayers in working with the Internal Revenue Services. In 2015 congress enacted the Taxpayers Bill of Rights. The Taxpayers Bill of Rights codifies specific rights available to individuals and global corporations regarding tax dealings with the IRS. The basics of the Taxpayer Bill of Rights: The right to be informed: The IRS must inform in written form to the taxpayer to identify
Introduction Hey there, fellow business enthusiasts! So, you’ve decided to embark on the exciting journey of mergers and acquisitions (M&A). Congratulations! But before you dive headfirst into this world of opportunities and risks, let’s talk about a critical element that can make or break your M&A endeavors: due diligence. In this article, we’ll explore the importance of due diligence in mergers and acquisitions and discover the red flags you need to keep an eye out
Stakeholder Capitalism or Shareholder Value Maximization Presuming that shareholders own a corporation is one of the fundamental points of Shareholder Value Maximization (SVM). Since the 1980s, corporate governance has used Shareholder Value Maximization as the dominant organizing framework. In 2008 with the global financial crisis, criticism of Shareholder Value Maximization started to increase. In recent years externalities of corporations have continued skepticism of Shareholder Value Maximization. Stakeholder Capitalism is the main alternative to Shareholder Value
Offshore financial centers have options for people and governments looking to protect and grow wealth. Some Offshore financial centers promote tax fraud while others do not. Tax havens are located across the globe. Some are offshore, like the British Virgin Islands, the Cayman Islands, and Hong Kong. Some countries are also tax havens, like Luxembourg, Netherlands, and Switzerland. There are even tax havens in the United States in Delaware and Wyoming. Creating a tax haven
With the end of tax season, taxpayers remain frustrated with the extreme slowdown at the Internal Revenue Service. At the beginning of the 2022 tax season, the Internal Revenue Services had not processed 24 million returns for the 2021 tax season. The backlog included some with owed refunds. Due to overwhelming call volume, most taxpayers could not reach a representative. Currently, the Internal Revenue Service only answers 10% of calls with a 30-minute hold time.
