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Monthly Archives: April 2017

Trump Proposes 15% Corp. Tax Rate & Repeal of 3.8% Obama Tax

A 15 percent tax rate for corporations, cutting the top individual tax rate from 39.6% to 35%, reducing the number of rates from seven to three and the repeal of a 3.8 percent tax on net investment income are the top priorities in the Trump administration’s tax reform agenda, according to a plan released by the…
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IRS Adds Belgium, Columbia & Portugal to Automatic Information Exchange List

Rev. Proc. 207-31 updates Rev. Proc. 2016-56 (published in December 2016) to adds 3 countries: Belgium, Colombia, and Portugal to the Section 4 list of countries with which the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) have determined that it is appropriate to have an Automatic Exchange of information collected under §§…
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