While international negotiators continue to seek agreement on a plan to rewrite how the digital economy is taxed, some participants remain skeptical that consensus can be reached from more than 130 countries by year’s end. The Organization for Economic Cooperation and Development (OECD) plan for a global minimum tax is focused on allocating more tax… Read more »

Travel industry leaders are closely monitoring the rapidly spreading coronavirus outbreak believed to have begun in Wuhan, China, for its potential impact on international travel. Hundreds of cases of the new strain of coronavirus have been detected around China, including heavily populated Hong Kong and Macao, and in other countries, including Japan, South Korea, Thailand,… Read more »

ASAE and its Professional Certification Coalition (PCC) are urging associations to support a bipartisan bill introduced last December to allow “529” education savings accounts to be used for workforce training, professional certification and other credentialing program costs. The Freedom to Invest in Tomorrow’s Workforce Act was introduced by Reps. Abigail Spanberger (D-VA) and Rob Wittman… Read more »

The Internal Revenue Service (IRS) this week issued guidance for tax-exempt organizations on how they can claim refunds for taxes paid on parking and transportation benefits they provide to employees. The 2017 tax law required associations and other nonprofit groups to pay a 21% unrelated business income tax (UBIT) on the value of these employee… Read more »

Freedom to Invest in Tomorrow’s Workforce Act H.R. 5339, the Freedom to Invest in Tomorrow’s Workforce Act, would allow 529 savings accounts to be used for workforce training, certification, and other credentialing program costs. This bipartisan bill, introduced by Reps. Abigail Spanberger (D-VA) and Rob Wittman (R-VA), would provide valuable tax-advantaged resources for individuals pursuing… Read more »