WEEKEND INSIGHTS: High-Wealth Individuals and Digital Tax Myths – Bloomberg Tax

WEEKEND INSIGHTS: High-Wealth Individuals and Digital Tax Myths – Bloomberg Tax

This is a weekend roundup of Bloomberg Tax Insights, which are written by practitioners, featuring expert analysis on current issues in tax practice and policy. The articles featured here represent just a handful of the many Insights published each week. For a full archive of articles, browse by jurisdiction at Daily Tax Report, Daily Tax Report: State, and Daily Tax Report: International.

This week we look at the IRS’s focus on high-wealth individuals, reportable cryptocurrency events, digital tax myths, and socially conscious tax credits. We’ll hear from:

  • Sarah-Jane Morin, Michael Kummer, and Thomas Linguanti of Morgan Lewis on global high-wealth individuals
  • Jeff VanderWolk of Squire Patton Boggs on the myths of digital taxation
  • Alan Lederman of Gunster, Yoakley & Stewart P.A. on converting single-family homes to businesses in an opportunity zone
  • Robert Willens on not-so-secret tax planning strategies
  • Dean Baker of the Center for Economic and Policy Research on a simple fix for corporate income tax
  • Kay Hobart of Parker Poe on North Carolina’s transfer pricing resolution initiative
  • Laurence Sotsky of Incentify on generating a capital expenditure budget through tax incentives
  • Christiaan van der Valk of Sovos on the benefits and challenges of tax processes automation
  • Nimish Goel and Parth Sharma of WTS Dhruva Consultants on the e-gaming industry and VAT implications

The former owners of the Chicago Cubs are among high-wealth individuals who found themselves in the U.S. Tax Court.

Photographer: Jonathan Daniel/Getty Images

The IRS Global High Wealth Program recently announced that
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