European Union finance ministers met earlier this week in Paris, where Malta, Poland and Sweden declined to back a key pillar of the Organization of Economic Cooperation and Development’s (OECD) global tax deal. The OECD plan, which would impose a 15 percent global corporate minimum tax on “consumer-facing” digital giants like Apple, Google, Facebook and… Read more »

The Internal Revenue Service (IRS) got a six percent boost in funding in the $1.5 trillion omnibus spending deal (H.R. 2471) that Congress passed last week, which equates to the most significant funding increase for the agency since 2001. IRS funding in the bill is earmarked for taxpayer services, to help tackle this tax-filing season… Read more »

The Small Business Administration (SBA) this week extended the deferment period for COVID-19 Economic Injury Disaster Loan (EIDL) borrowers to 30 months from when the loan was first approved. The EIDL program has provided nearly four million small businesses and nonprofit organizations more than $350 billion in emergency funding during the pandemic. EIDL loans can… Read more »

ASAE issued a statement this week opposing legislation advanced on March 10 by the Florida legislature that would censor thoughtful considerations of diversity, equity and inclusion (DEI) in the workplace. Florida’s Stop WOKE Act includes provisions aimed at instruction in Florida classrooms but would also directly apply to corporate DEI trainings, as well as to… Read more »