BEPS 2.0 and the US FY 2023 Budget are among the recent developments examined by Tim Sarson (KPMG).
US 2023 Budget
On 28 March 2022 the Biden Administration (‘the administration’) presented its budget recommendations to Congress for fiscal year (FY) 2023.
The Budget sets out the Administration’s annual discretionary spending plan for FY 2023 as well as its longer-term plans to ‘execute a new economic vision reduce costs for families reduce the deficit and build a better America’. These plans include many of the economic policy proposals from the Build Back Better Act (BBBA) released last year – either in original or modified form - as well as some new policy initiatives.
The US Treasury Department’s ‘Green Book’ set out its explanation of the tax proposals in the Budget. It is not possible in this article to give a comprehensive overview of the 120 pages of the...
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BEPS 2.0 and the US FY 2023 Budget are among the recent developments examined by Tim Sarson (KPMG).
US 2023 Budget
On 28 March 2022 the Biden Administration (‘the administration’) presented its budget recommendations to Congress for fiscal year (FY) 2023.
The Budget sets out the Administration’s annual discretionary spending plan for FY 2023 as well as its longer-term plans to ‘execute a new economic vision reduce costs for families reduce the deficit and build a better America’. These plans include many of the economic policy proposals from the Build Back Better Act (BBBA) released last year – either in original or modified form - as well as some new policy initiatives.
The US Treasury Department’s ‘Green Book’ set out its explanation of the tax proposals in the Budget. It is not possible in this article to give a comprehensive overview of the 120 pages of the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
