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🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

Montana Adopts Individual and Corporate Income Tax Reform

TweetShareSharePin0 Shares Montana adopted structural reforms to both individual and corporate income taxes during the recently adjourned legislative session, enacting three bills reducing individual tax rates, simplifying the state’s individual tax system, repealing 16 tax credits, and changing the apportionment factor for corporate income tax. This tax reform package, signed by Gov. Greg Gianforte (R)

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Big Budget, Smaller Counters | Tax Policy Center

TweetShareSharePin0 Shares White House releases its $6 trillion budget today. The Washington Post reports President Biden will propose no new major policies in the budget beyond the many ambitious ideas in his American Jobs Plan and American Rescue Plan. The budget reflects his $2.3 trillion infrastructure proposal, $1.8 trillion education and families plan, and $1.5

MORE Act | Federal Taxation of Recreational Marijuana

TweetShareSharePin0 Shares Today, Rep. Jerry Nadler (D-NY) reintroduced the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) to reform federal treatment of marijuana by descheduling it, meaning it no longer would be a prohibited substance. Not surprisingly, the bill includes an excise tax on all sales of marijuana products, which would take effect six months

Arizona Legislators Consider Lower, Flatter Income Tax

TweetShareSharePin0 Shares Arizona legislators are considering tax changes as part of the fiscal year 2022 budget process that is underway. Companion omnibus taxation bills HB 2900 and SB 1828 would reduce individual income tax rates for all taxpayers, consolidate the state’s graduated-rate income tax brackets into what would effectively be a two-rate structure by 2023,
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