Accountancy intelligence to lead, innovate & grow.

Want to get your daily slice of Accountancy knowledge to your inbox? Sign up now

Accountancy Slice helps you stay ahead of essential accountancy news shaping your profession. Every weekday, our unique blend of AI, accountancy experts and researchers monitor 100,000s of articles and share a summary of the most relevant and useful content to help you lead, innovate and grow.

From Audit to Tax, Practice Management, Tech, Reporting and accounting firm news. Accountancy Slice is the only trusted online news source in the US dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the accountancy industry.

AS banner
Recent Editions
Accountancy Slice
North America
State of the Union: Biden calls for 'fairer' tax system

President Joe Biden used his State of the Union address to try to sell Americans on his economic agenda and called for renewed bipartisanship, with a mantra of "Let's finish the job." In a 72-minute speech in the House chamber before a joint session of Congress on Tuesday, he deployed the line at least 10 times, as he called for action in a range of areas, including taxes on the wealthy, and on corporations. Mr. Biden renewed his call to levy a tax on billionaires and corporate stock buybacks to reduce the federal deficit. “The tax system is not fair; it’s not fair,” Biden said. “The idea that in 2020, 55 of the largest corporations in America, of Fortune 500, made $40bn in profits and paid $0 in federal taxes? $0? Folks, it’s simply not fair.” He pushed for quadrupling the 1% tax on stock buybacks that took effect in January, arguing that the change would encourage companies to invest in their growth instead of boosting shareholders. He also said "We’re not going to be moved into being threatened to default on the debt," accusing Republicans of threatening to take the economy hostage if he doesn’t agree to reduce government spending. He went on to allege that some Republicans want Medicare and Social Security to sunset every five years - a claim that was met with outrage by some, including Rep. Marjorie Taylor Greene (R-GA) who shouted "Liar." In closing, Mr. Biden said the U.S. is "at an inflection point," adding that it must choose to be a nation "that embraces, light over darkness, hope over fear, unity over division. Stability over chaos." 

Full Issue
Read the latest Accountancy highlights