White House Releases Fiscal Year 2024 Budget Including Tax Revenue Proposals
Administration releases Fiscal Year 2024 Budget and Greenbook explanation of tax proposals. Expectations are light for proposals to move forward in Congress.
Build Back Better Act – Key International Tax Provisions
A revised version of the Build Back Better Act released by the House includes sweeping changes to the U.S. international tax system.
Checklist for Foreign Companies Expanding a Business into the United States
When foreign businesses expand operations in the U.S., several areas must be addressed – starting with entity selection, understanding differences in American taxes vs the parent company’s home country, and more. This checklist can help.
The Build Back Better Act’s Dozen Tax Changes (UPDATED)
There are many tax changes proposed in the Build Back Better Act. PBMares has detailed a dozen tax changes (including an update October 28th) that would change the tax landscape and would require many taxpayers to re-evaluate their tax positions.
Democrats Release Draft Bill to Overhaul U.S. International Tax Rules
Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
The Biden Tax Plan: Changes to Global Intangible Low-Taxed Income (GILTI)
The new Global Intangible Low-Taxed Income (GILTI) regime imposes U.S. tax on foreign earnings of certain foreign corporations whether or not the profits are repatriated to the U.S. owner.
Biden Tax Plan: International Tax Implications
The international tax landscape is shifting based on recent reports from the White House, Senate Finance Committee and U.S. Treasury.
Business Benefits Available, Courtesy of the CARES Act
The historic $2.2 Trillion CARES Act provides several business tax benefits, some of which can quickly provide cash flow.
Forgivable Small Business Loans – How the $2 Trillion Stimulus Bill Can Help You
As business owners struggle with the effects of the coronavirus epidemic, Congress is on the precipice of enacting landmark legislation aimed at keeping the economy afloat over the next several months.