“Here’s why your golf purchases could become tax deductible.” The Golf Digest headline popped up in my review of tax news a couple of weeks ago. Tax policy can be confusing, but this blew my mind. I married into a family of golfers, and I like golf (sometimes I even love it), but how on earth could my husband or I deduct the cost of our golf purchases?
Call it the perils of one-off corporate tax settlements. While the developed world is trying—with limited success-- to figure out how to tax multinational corporations, individual countries are making their own deals to collect back taxes with those firms. It is not a pretty sight. Last week, the