Treasury Department Archive

TweetShareSharePin0 Shares On Thursday, New Hampshire lawmakers are scheduled to take up a budget conference report which contains several tax reforms negotiated by both chambers that would ultimately make New Hampshire the ninth state to impose no tax on individual income. These reforms floated at the beginning of the 2021 session found their way into

TweetShareSharePin0 Shares As Congress considers President Biden’s proposal to raise the corporate tax rate from 21 percent to 28 percent, it is important to remember that the Tax Cuts and Jobs Act (TCJA) of 2017 expanded the corporate tax base. A broader corporate tax base means that increasing the tax rate will have a larger

TweetShareSharePin0 Shares Note: This is a preview of the full article originally published by Tax Notes. To read the full article, click the download links above. Brief Summary In recent years, significant unilateral and global efforts have been made to address the issue of profit shifting. However, reviewing the academic literature on profit shifting, one finds

TweetShareSharePin0 Shares President Biden awaits more details on bipartisan infrastructure bill. The White House continues to support either reconciliation or other legislation to advance its priorities. But it seems to cooling to the still-developing bipartisan Senate plan. White House spokesman Jen Psaki said the bipartisan package lacks sufficient detail, including specifics about how to pay

TweetShareSharePin0 Shares How shall we pay for an infrastructure plan? Source link TweetShareSharePin0 Shares

TweetShareSharePin0 Shares A bipartisan group of Senators introduced the Facilitating American-Built Semiconductors (FABS) Act this week to create a permanent 25 percent investment tax credit for investments in semiconductor manufacturing equipment and construction of related facilities—but their proposal would not address underlying bias against investment that exists in the tax code today. Rather than provide

TweetShareSharePin0 Shares The Affordable Care Act survives another US Supreme Court challenge. The High Court ruled yesterday that Congress did not invalidate the 2010 health insurance law when it repealed  the penalty/ tax on those without insurance. The Court said Republican-led states that sued did not have legal standing to bring the challenge.   Today’s