For many individual investors, issues with tax code aren’t really considered major. These issues usually affect large corporations operating in select industries, right? Well, the reality is far different than you think. Major tax issues are actually affecting individual investors and the majority of tax payers in more ways than anticipated. The tax provisions of 2013 and how Congress is taking so long to renew (or cancel) elements of the regulation are causing a lot of confusion and uncertainty according to studies compiled by Northeastern University. Uncertainty is never good for the financial market, especially the forex market.
Other tax issues affect our lives more directly. The fossil fuel tax, for example, made the price of green energy – and the cost of producing renewable energy – a lot higher than it should have. This means the shift towards green energy is hampered substantially.
Learn more about these tax issues and their impacts from the Six Issues in Taxation infographic by Northeastern University.