By Jonathan Prokup In this morning’s Tax Notes (subscription required), Jeremiah Coder addresses a topic that we at the Tax Blawg have discussed a couple of times over the past two years: the tax consequences of a potential breakup of the euro. For our prior coverage, see here and here. As the currency lurches towards … More Silence Is Golden: Can Treasury Offer Guidance About The Tax Consequences Of A Euro Breakup?
By Jonathan Prokup According to the Financial Times, companies around the world are preparing for the possibility of a breakup of the euro. Given the currency devaluation that would likely occur in countries coming out of the euro, these companies are preparing for the impact that such an event would have on balance sheets (e.g., … More Businesses Prepare For The End Of The Euro; Will Treasury Do The Same?
By Jonathan Prokup Business Spectator: Stalled R&D legislation stunts innovation (Australia). As we discussed previously, temporary legislation makes for lousy tax policy, a problem that Australia seems to be experiencing right now. Forbes – Business in the Beltway: Taxes? Hold ‘Em!. It seems that the pending deal on individual taxes will include a one-year extension … More Tax Talk Around The Web
By David Shakow and Jonathan Prokup By now, most observers of, and participants in, the European economy are familiar with the drama playing out in Greece. Swamped by large debts and a seemingly uncontrollable fiscal deficit, the Greek government is facing the possibility of defaulting on its sovereign debt obligations. Even if Greece’s monetary partners … More It’s April 29th; Do You Know Where Your Euros Are?