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GILTI Archive

Major Changes for U.S. Companies Earning Profits from Ireland

[ad_1] One of the challenges policymakers face is designing solutions that are targeted at actual problems. If data concerning a problem is either low-quality or out-of-date, then developing solutions becomes rather difficult. This challenge is particularly relevant to international tax policy. A problem that was identified in many studies at the beginning of the 21st

Tracking 2021 Tax Plans

[ad_1] Tracking the 2021 Biden Tax Plan and Federal Tax Proposals Taxes are once again at the forefront of the public policy debate as legislators grapple with how to fund new infrastructure spending, among other priorities. The Biden Administration has proposed about $4 trillion of new federal spending over 10 years, partially funded with higher

Biden Budget Proposals: Details & Analysis

[ad_1] Launch Resource Center: President Biden’s Tax Proposals The Biden administration’s proposed American Jobs Plan (AJP), American Families Plan (AFP), and fiscal year 2022 budget would increase federal spending by about $4 trillion over 10 years, including $1.7 trillion for infrastructure, partially funded with higher taxes on individuals and businesses as well as increased tax

Two Important Issues that Must Be Resolved

[ad_1] After years of debate, leaders of more than 130 countries are quickly moving to reach an agreement on some fundamental changes to cross-border tax rules, possibly by the summer. These changes would require some multinational companies to pay more taxes in countries where they make their sales and adopt a global minimum tax. However,

GILTI by Country Is Not as Simple as it Seems

[ad_1] If policymakers wanted companies to pay a minimum level of tax regardless of where they earn profits around the world, what would be the best way to achieve that? One idea that has been proposed by the Biden administration and other governments has been a global minimum tax calculated for each country where a

Kansas Tax Reform Passes: Outlier No More

[ad_1] Legislators in Kansas have had enough of their state being a tax policy outlier. After three years of deliberations, more than two-thirds of members in both the Senate and the House enacted tax reform and relief legislation Monday over the veto of Gov. Laura Kelly (D). Senate Bill 50 puts the state on firm

Biden’s First 100 Days: Taxes & Tax Policy

[ad_1] In his first 100 days as president, Joe Biden has proposed more than a dozen significant changes to the U.S. tax code that would raise upwards of $3 trillion in revenue and reduce incentives to invest, save, and work in the United States. While proposing ways to pay for new spending and for expanded

Kansas Tax Reform Bill: Lawmakers Consider Veto Override

[ad_1] The Kansas legislature will reconvene next week for its 2021 veto session, when legislators will reconsider bills that were vetoed by the governor. One such bill that has a second chance of being enacted, Senate Bill 50, would enhance Kansas’ economic competitiveness by improving the state’s corporate, individual, and sales tax structure while providing