(Tax Increase Alert Reposted)
Biden Administration Moving Full Steam Ahead To Modify The United States And International Tax Systems
The Biden administration, the OECD, and the European Union are moving full steam ahead with proposals that will modify the U.S. and international tax systems, significantly impacting clients’ after-tax investment returns and business income. We dig into the administration’s domestic and global tax proposals, including that a U.S. corporation may be required to pay a minimum tax amount to each foreign country where it has clients or investments. Are your clients preparing to adjust their portfolio of investments to maintain their after-tax annual investment returns?
Biden’s Tax Proposals: Two Surprises for Clients Impacting Last Year and 2021
President Biden’s tax proposals contain two major tax surprises.