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News
Taxing AI to Help Workers Sounds Good, But Public Deserves More
Opinion: A proposed tax on artificial intelligence tokens shows why taxing AI use is a poor proxy for taxing automation. Lawmakers should instead give the public an equity stake in the firms that capture its economic gains.
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Tax Law Is Funding the AI Infrastructure Boom, Not Creating It
Opinion: Congress should prove that publicly financed tax benefits from last year's tax law changed corporate behavior for companies investing in AI rather than merely rewarded them for investments they were already racing to make, writes Andrew Leahey.
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New York City's Second-Home Tax Is Good Policy With a Data Issue
Opinion: New York City's first pied-à-terre tax is a sound progressive idea, but the city should make the first two years a transparent implementation period to prevent an opaque or overinclusive rollout.
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Big Tech AI Spree Revives Accounting Devices That Toppled Enron
Accounting rules for off-balance-sheet entities, like the ones Big Tech giants are using to finance AI data centers, have evolved since Enron's collapse 25 years ago. But they still run the risk of presenting a misleading financial picture.
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Crypto Scam Victim Sues IRS to Deduct $800,000 in Losses
An Ohio man filed a lawsuit against the IRS for disallowing a $130,000 refund stemming from losses he claims resulted from being a victim of a
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