Cidermakers Have Long Feared the 'Bubble Tax.' A New Bill Could Change Everything.
The bipartisan Bubble Tax Modernization Act aims to remove the higher tax brackets for hard cider and perry with additional fruits and higher carbonation levels.
The proposed change comes at a critical time for the U.S. cider industry, which is facing increasing competition from fruit-flavored beers and malt beverages. [ more ]
One Supreme Court Case Could Mess Up Chunks of the Tax Code
The Supreme Court will hear arguments in the case of Moore v. U.S., which challenges a provision in the 2017 tax law related to profits accumulated outside the U.S.
This case could have broader implications in defining what Congress can tax under the Constitution. [ more ]
One Supreme Court Case Could Mess Up Chunks of the Tax Code
The Supreme Court will hear arguments in the case of Moore v. U.S., which challenges a provision in the 2017 tax law related to profits accumulated outside the U.S.
This case could have broader implications in defining what Congress can tax under the Constitution. [ more ]