This week, we take on the criticism that the FAIRtax rate of 23% inclusive is not high enough to generate the same amount of revenue as the taxes it replaces.
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The Grassroots Corner April 5, 2021
The Grassroots Corner April 5, 2021
This week, we take on the criticism that the FAIRtax rate of 23% inclusive is not high enough to generate the same amount of revenue as the taxes it replaces. 
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More Than 50 Major U.S. Corporations—Including Nike And FedEx—Paid No Federal Taxes Last Year
More Than 50 Major U.S. Corporations—Including Nike And FedEx—Paid No Federal Taxes Last Year
Benefitting from Trump-era tax cuts and capitalizing on loopholes in the tax code, at least 55 prominent U.S. companies paid $0 in federal corporate income taxes in 2020 on billions of dollars in profits, according to a report published Friday by the Institute on Taxation and Economic Policy. READ MORE
Biden admits tax hike could hit people earning $200K
Biden admits tax hike could hit people earning $200K
WASHINGTON — President Biden on Friday admitted that his $2 trillion infrastructure plan would bring tax increases to some people who earn $200,000 — while insisting that a separate hike on businesses “will not slow the economy at all.” READ MORE
IRS Is Catching Crypto Tax Cheats Via John Doe Summons
Forbes
IRS Is Catching Crypto Tax Cheats Via John Doe Summons
The IRS is actively hunting for crypto tax cheats by demanding cryptocurrency exchanges release user information through “John Doe” summons.
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Yellen to urge global minimum company tax to stop venue-hopping
Accounting Today
Yellen to urge global minimum company tax to stop venue-hopping
Treasury Secretary Janet Yellen will argue Monday for a global corporate minimum tax rate as she pushes President Joe Biden’s plans to raise levies on U.S. companies, a person familiar with her remarks said.
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Americans For Fair Taxation
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