Nathan Goldman

Minneapolis

Managing Editor at Jewish Currents

writer // managing editor @jewishcurrents

Articles

What To Know About The IRS’s $4 Billion Tax Assessment On Yum! Brands

1 day ago | forbes.com | Nathan Goldman

KFC Taco Bell (Photo by Artur Widak/NurPhoto via Getty Images)NurPhoto via Getty ImagesThe IRS has assessed $4 billion in taxes, penalties, and interest on Yum! Brands. The issue stems from a tax-deferred reorganization in 2014. Yum! Brands is now suing to prevent the IRS from collecting these funds. M&A is often among the most complicated tax issues large corporations face, which can often lead to uncertainty and scrutiny from the IRS.
3 Key Takeaways From The CBO’s Report On The One Big Beautiful Bill

2 days ago | forbes.com | Nathan Goldman

WASHINGTON - JUNE 5: The U.S. Capitol is shown June 5, 2003 in Washington, DC. Both houses of the ... More U.S. Congress, the U.S. Senate and the U.S. House of Representatives meet in the Capitol. (Photo by Stefan Zaklin/Getty Images)Getty Images The CBO estimates that the One Big Beautiful Bill Act will add $2.4 trillion to the federal deficit over the next decade.
Pardoned Or Not, ‘Chrisley Knows Best’ About Tax Evasion

6 days ago | forbes.com | Nathan Goldman

In 2022, Todd and Julie Chrisley were sentenced to prison for, among other things, tax fraud. The celebrity couple known best for their reality TV show titled “Chrisley Knows Best” became famous, in part, for their impression of living a lavish lifestyle. However, it was all a sham, which led to them being convicted of financial crimes. In unexpected news, President Trump has pardoned the Chrisleys.
Increasing corporate tax disclosures: Transparency or greenwashing?

2 weeks ago | illuminem.com | Nathan Goldman

Recent academic research explores a United Kingdom reform mandating large companies to disclose reports on tax strategy. The study finds that while the mandate leads to more disclosure, it does not increase overall tax transparency. It concludes that the enhanced tax disclosure requirements may not positively affect tax disclosures as intended.
5 Key Takeaways From The House’s Passage Of The Big Beautiful Bill Act

2 weeks ago | forbes.com | Nathan Goldman

By the thinnest of margins (215 to 214), the House of Representatives has voted to pass Trump’s domestic policy bill. According to Forbes, the ‘Big Beautiful Bill’ act has trillions of dollars of impact on US taxpayers, including renewing the tax cuts from the Tax Cuts and Jobs Act of 2017, a deduction for income earned from tips, and increased deductions for state and local income taxation, and much more.
3 Key Takeaways From The ‘No Tax On Tips’ Act

2 weeks ago | forbes.com | Nathan Goldman

As reported by Forbes, the Senate has unanimously passed the “No Tax on Tips Act” in a unanimous vote. This bipartisan piece of legislation now heads to Trump’s desk to be signed into law. This article highlights three key takeaways from the significant tax law change. 1. Most Tip-Based Taxpayers Will Pay No Tax On Some TipsThe No Tax On Tips Act provides a tax deduction for cash tip wages reported to employers. However, there are key limitations.
The Tax Revenue Problem Affecting The U.S. Credit Rating Downgrade

2 weeks ago | forbes.com | Nathan Goldman

Moody’s has cut the U.S.’s sovereign credit rating from the highest possible rating (Aaa) to one notch below (Aa1). According to CNBC, the agency lowered the rating due to the growing burden of the federal government’s deficit and the rising costs the U.S. now faces due to interest rates. Moody’s joins Standard & Poor’s, which downgraded the U.S. in August 2011, and Fitch Ratings, which downgraded the U.S. rating in August 2023.
US-China Tariff Deal Resolves Uncertainty, Sends Stock Markets Soaring

3 weeks ago | forbes.com | Nathan Goldman

The U.S. and China have reached an agreement to stave off their unusually high import tariffs on each other’s countries. Stock markets have positively responded to the news. While the reduction in tariffs likely diminishes the direct impacts on companies, the greatest positive effect leading to the stock market rise may be on the lower uncertainty that these companies now face as they head into the next phase of this ongoing trade war.
3 Considerations For Trump’s Proposed 39.6% Tax Rate On Top Earners

4 weeks ago | forbes.com | Nathan Goldman

It is reported that Trump seeks to pay for his proposed tax cuts by increasing the top tax rate on individuals from 37% to 39.6%. This article provides an overview of that increase as well as 3 important considerations for this proposed tax rate increase on the top income individuals. OverviewThe current top tax rate for individuals is 37%. In 2025, this tax rate applies to single individuals with income over $626,350 and married individuals with income over $751,600.
Increasing Corporate Tax Disclosures: Transparency Or Greenwashing?

4 weeks ago | forbes.com | Nathan Goldman

Recent academic research explores a United Kingdom reform mandating large companies to disclose reports on tax strategy. The study finds that while the mandate leads to more disclosure, it does not increase overall tax transparency. It concludes that the enhanced tax disclosure requirements may not positively affect tax disclosures as intended.