House GOP Puts Out Menu of Tax Cut Options

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House GOP Puts Out Menu of Tax Cut Options

House Budget Committee Republicans have put together a detailed document with a set of potential offsets and other options for the GOP’s reconciliation package. It includes cost estimates for corporate rate cuts, various SALT cap options, expanding the endowment tax, a border adjustment tax and much more.

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House tax bill is transformative but convoluted

House tax bill is transformative but convoluted enterprise Thu, 01/16/2025

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Find guidance and news about economics: investments, finance, business, career, stock exchange rates, currencies, economic indices and more...

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Enacted this Thursday afternoon (16), the supplementary law that regulates the consumer tax reform will simplify the collection of taxes in the country and will be implemented gradually. The law defines several points that needed regulation after the approval of the constitutional amendment that reformulated the country's tax system. The main changes are the reorganization of consumption taxes. Instead of the five current taxes, there will be a …

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The sanction of the tax reform marks the beginning of a new phase crucial for its effective implementation. In this context, the steering committee emerges as a fundamental element for the functioning of the new Brazilian tax system, especially with regard to the Goods and Services Tax (IBS). Ana Cláudia Utumi, founding partner of Utumi Advogados, in an interview with CNN Prime Time this Thursday (16), emphasized the vital role of this committee…