Safe harbor issued for valuing pro sports trades

IRS Tax News – Safe harbor issued for valuing pro sports trades The IRS will permit professional sports teams that trade player contracts to recognize zero gain if both parties to the exchange adopt the safe harbor and do not exchange cash. Source:...

Recapping the 2019 Arkansas Tax Reform

Tax Policy – Recapping the 2019 Arkansas Tax Reform The Arkansas General Assembly  concluded its 2019 session after accomplishing one of its key priorities, tax reform. After two years of intense debate and study, the Natural State has passed a series of...

Notable Tax Policy Changes in Europe

Tax Policy – Notable Tax Policy Changes in Europe The Tax Foundation’s International Tax Competitiveness Index (ITCI) seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and...