On April 26, 2017 we posted Trump Proposes 15% Corp. Tax Rate & Repeal of 3.8% Obama Tax where we discussed 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…
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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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Tax Reform Announcement Coming on April 24 but Tax Reform Is 'Impossible' This Year – So Where Does That Leave Tax Advisers?
According to Reuters US President Donald Trump has revealed that he will make a major tax reform announcement this Wednesday, 26 April 2017.We previously posted on March 24, 2017 Breaking News - Possibly No Tax Reform This Year! where we discussed that Donald Trump has proposed tax reforms that would: significantly reduce marginal tax rates for…
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