After successfully reconciling different bills passed by the House of Representatives and Senate, respectively, Congress has passed the Tax Cuts and Jobs Act of 2017. It's the first major rewrite of the U.S. tax scheme in over 30 years, and it's packed with changes that could have an impact on your financial planning.
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newsfeedback@fool.com (Todd Campbell), The Motley Fool
Thu, 12/21/2017 - 5:31am
BING NEWS:
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Former President Donald Trump has announced a sweeping plan to reform the Internal Revenue Service (IRS) in 2025, vowing to reduce bureaucracy, simplify tax collection, and eliminate what he calls ...
11/29/2024 - 4:08 pm | View Link - Brazil's Haddad seeks to soothe market concerns over income tax reform
Brazil's Finance Minister Fernando Haddad on Thursday sought to calm the market following a meltdown over the announcement of a reform that would increase income tax exemptions, emphasizing that the ...
11/28/2024 - 1:45 am | View Link - Brazil's Haddad says income tax reform to be neutral, take effect in 2026
Brazilian Finance Minister Fernando Haddad said on Thursday that a reform proposed by the government to increase income tax exemptions for the middle-class will be fiscally neutral and analyzed by ...
11/28/2024 - 12:19 am | View Link - Brazil proposes income tax reform, frustrating investors focused on spending cuts
Brazilian Finance Minister Fernando Haddad will make a televised address to the nation at 8:30 pm (2330 GMT) local time on Wednesday, the ministry said, adding he will talk about "efficient government ...
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The newly elected Republican Congress seems set to place Medicaid reform at the top of its legislative agenda.
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This updated version of "A change in course: Tax policy implications of the Joe Biden presidency" reviews the tax policy agenda that President-elect Biden laid out on the campaign trail and provides an expanded discussion of how the makeup of the new Congress and the priorities of key decision-makers at the leadership level and on the two ...
11/30/2024 - 6:57 am | View Website - Global tax reform is coming—and CEOs need to be ready
Why Pillar Two tax reform is a C-suite priority. The agreement, known in tax circles as Pillar Two, is extensive in its scope: It was signed by 138 countries representing 90% of global economic activity. 1 And at its heart, it pursues a clear-cut and consequential goal: End the world’s “race to the bottom” in corporate tax rates, as US Treasury Secretary Janet Yellen described it in 2021. 2
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The statement sets out a high-level political agreement regarding global tax reform. Specifically, it addresses the so-called Pillar 1 / Pillar 2 project that has been led by the OECD and is focused on reallocating certain profits to ‘market jurisdictions’ on a new formulaic basis (Pillar 1) and implementing a global minimum tax (Pillar 2).
11/27/2024 - 8:33 am | View Website - Japan Tax Reform
Also, with Japan’s Income Inclusion Rule (part of BEPS’s Global Minimum Tax regime, i.e., Pillar 2) coming into effect in April 2024, Japan continues to modify its tax law to be in line with international standards and is considering to introduce the Qualified Domestic Minimum Top-up Tax in next year’s tax reform.
11/26/2024 - 7:26 pm | View Website - US tax reform
US tax reform Impact on insurance companies Overview Background On December 22, 2017, President Trump signed H.R. 1, the Tax Reconciliation Act (“the Act”), into law, completing an ambitious overhaul of the United States’ business and personal income tax regimes. The newly enacted law reconciles the previously
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