Last week, the Joe Biden administration released a long-awaited executive order containing a government-wide outline for digital assets, focusing on cryptocurrency. The guidance is a welcome and timely development for both regulators and investors.
The federal government aims to narrow the $1 trillion gap between cryptocurrency taxes owed and those actually paid. Read how it's doing so in the Baker Institute Blog.
You may have read that nonfungible tokens (NFTs) have introduced an extremely lucrative way to sell digital work, like art. Beyond the question "what's an NFT?" is how the sometimes-extraordinary proceeds are taxed. Center for Public Finance fellow Joyce Beebe explains in the Baker Institute Blog.
Mexico's pivotal June 6 elections brought critical losses to President Andrés Manuel López Obrador and his MORENA party. What do they mean for the Mexican people and the U.S.-Mexico relationship? Tony Payan analyzes the election outcome in this commentary.
With the rise of the gig economy has come an increase in concerns about tax compliance. This blog post reviews two recent changes to tax reporting rules for the sharing economy sector — the comeback of Form 1099-NEC and a reduction in the reporting threshold of Form 1099-K — and their implications for tax administration and reporting.
Special purpose acquisition companies (SPACs) have experienced a massive surge in popularity over the last year. How do SPACs work, and what are some of the tax implications that investors may overlook? Public finance fellow Joyce Beebe explains on the Baker Institute Blog: https://bit.ly/3t5eMH8
The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to an open policy discussion about current minimum wage standards. In a post for the Baker Institute Blog, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments.
In late January 2021, the stock price of GameStop skyrocketed, causing the online trading platform Robinhood to suspend sales of its stock. What happened, and what tax policies are being proposed as a result? Public finance fellow Joyce Beebe explains on the Baker Institute Blog.
The relationship between President Joe Biden and Mexico's President Andrés Manuel López Obrador has not been easy, and emerging trade issues are about to make it worse.