Tax Planning

Biden International Tax Plan provides complexity to corporate tax planning

President Joe Biden’s plan to revise the 2017 tax law as part of the infrastructure effort creates new uncertainty for US multinational corporations.

The plan, which aims to help pay off its $ 2.25 trillion infrastructure proposal released Wednesday, would tighten the rules for taxing the profits of U.S. companies outside of the U.S., likely forcing them to do more numbers. However, there are still many details left in the proposal and it is unclear whether it will ultimately become law or be amended, and how it could overlap with related efforts by Congress and international authorities.

The Biden proposal would set the rules for …

Related Articles