Tax & Accounting News

The Weekly (Tax)Buzz - September 18, 2019

The Weekly (Tax)Buzz - September 18, 2019

If you feel like the news is tough to keep up with these days, you aren't alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from our favorite bloggers, US tax proposals, tax crime stories, and much more.

The (Tax)Buzz this week: Which states have “marriage penalties,” the rejection of a “Netflix tax,” the opioid lawsuit settlements, and more.

Forbes: The bill recently passed in California requiring gig companies to treat workers as employees will affect more than just ride-sharing platforms like Uber and Lyft.

Reuters: President Trump has said his administration will be announcing a “very, very substantial tax cut for middle-income folks” sometime in 2020.

Tax Foundation: This week's map focuses on which states have a “marriage penalty” — in other words, “when a state's income brackets for married taxpayers filing jointly are less than double the bracket widths that apply to single filers.”

The Guardian: The National Broadband Network has shot down the idea of a “Netflix tax” that would affect high-volume users of video streaming services.

MarketWatch: Curious about estate taxes and other inheritance issues? Check out answers to these common questions about death and money.

Money International: Out of 1,018 Americans who renounced their citizenship in the first three months of the year, 250 of them “blamed US taxes as the trigger for their action.”

Bloomberg: Apple, the world's biggest taxpayer, is fighting the world's biggest tax case this week as they haggle over a $14.4 billion tax bill.

USA Today: The lawsuit settlements aimed at opioid producer Purdue Pharma are “clearly a game” aimed at giving tax breaks to drug firms, according to experts.

MarketWatch: Many companies now allow customers to pay their bills in bitcoin, but beware — the IRS is watching.

Don't miss our latest TaxBuzz posts: 

  • Expert Opinions: What Are the Most Pressing Tax Issues for 2020?
  • New Report Shows the Burdens of Payroll and Income Taxes
  • US Tax Law Changes: How Far We've Come and Where We're Headed

Who said accountants don't have a sense of humor? Not us! Our team just launched a t-shirt store with 11 awesome designs to choose from. Check it out here.

Did we miss a great article this week? Let us know in the comments below!

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Lauren Detweiler

Lauren Detweiler

I am equal parts marketer, traveler, and writer, and I've been doing all three for as long as I can remember. I have spent most of my time since graduating university traveling and working remotely in Africa and Europe. My passion lies in conveying the right messaging to the right people, and being a part of the CountingWorks and TaxBuzz team means I get to do that not only for our company, but for clients across the country as well.

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