As Artificial Intelligence (AI) expands into new parts of our economy, new regulations in areas such as the healthcare sector are being proposed in 2024. In the healthcare sector, there are many concerns about the privacy and accuracy of AI algorithms, both from governments and independent organizations. As policy makers look to the future of … Continue reading
Author Archives: Julia Muir
The Possible Effects of Pillar Two Taxation on the United States
Executive Summary The Organization for Economic Co-operation and Development’s (OECD’s) pillar two proposal includes three crucial tax rules intended to work with current tax laws worldwide. The Joint Committee on Taxation (JCT) and the Tax Foundation made predictions of the effect on US revenue given the adoption of pillar two both internationally and nationally. The … Continue reading
The OECD and UN International Tax Proposals
Executive Summary The Organisation for Economic Co-operation and Development (OECD) has proposed an international tax agreement consisting of two pillars, aimed at taxing digital companies and preventing double taxation. The United Nations (UN) has proposed a potentially legally binding international tax code that rivals the OECD tax code. The implementation of one or both tax … Continue reading
The Employee Retention Tax Credit and Its Current State
Executive Summary The Employee Retention Tax Credit (ERTC) was a Covid-era credit passed under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March of 2020. Despite the original prediction by the Congressional Budget Office (CBO) that there would be no budgetary effects by 2023, it is estimated that the ERTC cost $119 billion … Continue reading
