How the Tax Cut and Jobs Act expiration will impact Coloradans How the Tax Cut and Jobs Act expiration will impact Coloradans 02:11 Campaign season is in full swing, and as American voters elect a new president in November, there are inevitable changes coming to our taxes.Robert Persichitte, CFP, PFA, affiliate professor for MSU Denver … Read more
Abstract The Tax Cuts and Jobs Act introduced a 20 percent deduction for qualified business income to maintain rough “parity” between pass-through businesses and C corporations. However, the deduction fails to ensure parity and exacerbates existing distortions. Given the deduction’s impending expiration, lawmakers have an opportunity to consider alternatives—one of which is corporate integration, a … Read more
Democrats in the Senate are daring their GOP colleagues to vote against a $78 billion tax package that would expand the child tax credit and boost tax breaks for companies with large capital and domestic research expenditures. A procedural vote on the stalled bill, which passed the House in an overwhelmingly bipartisan vote in January … Read more
Caitlin ReillyCQ-Roll Call(TNS) WASHINGTON — The Senate fell short as expected Thursday of the 60 votes needed to start debate on a $79 billion tax bill that would deliver financial relief to businesses and low-income families, amid opposition from most Republicans and some on the majority side of the aisle as well. Though the procedural … Read more
Since Vice President Kamala Harris became the presumptive Democratic nominee for the 2024 presidential election, there is interest in how her potential administration might handle tax policy — particularly aspects impacting families and children. One area receiving attention is the child tax credit (CTC), an important financial benefit for many families. For the 2024 tax … Read more
Continuing months of progressive opposition to the bipartisan Tax Relief for American Families and Workers Act, U.S. Sen. Bernie Sanders on Thursday voted against advancing the bill and highlighted how it would give tax breaks to major corporations.The bill passed the House 357-70 in January, shortly after it was negotiated by Senate Finance Committee Chair … Read more
The taxation policy in the Philippines is chiefly governed by the following Republic Acts: The Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act) Tax Reform for Acceleration and Inclusion (TRAIN) Law Article VI, Section 28 of the Constitution; The National Internal Revenue Code; and Local Government Code of 1991. Tax structure The country … Read more
Puerto Rico Tax Competitiveness and Pillar Two Skip to content profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens. . Pillar Two, the global minimum taxA tax is a mandatory payment or charge collected by local, state, … Read more
Major pieces of the 2017 Tax Cuts and Jobs Act (TCJA) expire at the end of 2025, at which time taxes will increase by over $400 billion annually. While the TCJA improved the federal tax code, Congress and whoever the next president is should look to the states for ideas to make it even better. … Read more
