One issue that investors will be monitoring in the run-up to the U.S. elections is whether the Tax Cut and Jobs Act of 2017 will be extended next year when many provisions are set to expire. Senior Economic Advisor Nick Sargen explores the considerations for extending corporate tax cuts. https://lnkd.in/eRZ8Fm_6
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Capital Group is keeping an eye on post-election tax and fiscal policy, writing that “major tax cuts enacted under the Trump administration will be up for renewal in 2025,” putting a focus on “who controls the White House and Congress after the 2024 election.” The Tax Cuts and Jobs Act of 2017 added about $1.7 billion to U.S. government debt while the question of whether it led to higher jobs and growth is under debate. A second Trump administration would likely extend “major provisions of the act,” Capital Group wrote, while a Biden administration would “probably look for alternatives.” https://lnkd.in/d9mUPcuq
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Corporate tax rates are once again a key issue as the upcoming election approaches. Brian Manby, CFA explores how proposed tax hikes could influence earnings across large-, mid- and small-cap companies and what sectors stand to lose the most. #CorporateTaxRates #2024Election #TaxPolicy
Understanding the Potential Effects of Tax Policy on Corporate Earnings
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The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act are scheduled to expire and the November elections will be decided. Here are some possible outcomes. #TCJA #section199a #hoganhansen #accountantswithpersonality #livingourcorevalues #QBI
The possible tax landscape for businesses in the future
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Introduction of new taxes is always easier than increasing the effectiveness of collecting existing. But should we always take an easy way?
👉 Today, the Estonian government has reached a decision on the principle of the new corporate defense tax, setting it at 2% of annual profits, to be paid quarterly based on the previous financial year's profits. This decision is likely to resolve the ongoing debate about whether the corporate defense tax should be based on profits, payroll, or assets. However, the door remains open for further debate as parliamentary discussions and readings could revisit the issue. The implementation of the new tax is planned for 2026, pending decision by the parliament and proclamation by the president. On the other hand, the government plans to reduce public spending by more than a billion euros to decrease the state budget deficit. In light of these developments, Estonian national TV once again requested my insights for their prime time evening news program, focusing on the various proposals for the corporate defense tax. ERR TV news: https://lnkd.in/dzS4NJ2G #EYEstonia #EstonianTaxes
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Check out our latest insights: How Corporate Taxes Could Impact Markets This Election Season https://lnkd.in/ex5HmD37 #taxes #election #markets
How Corporate Taxes Could Impact Markets This Election Season - BlueSky Wealth Advisors, LLC
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Ahead of President Biden's State of the Union address tonight at 9 pm, the White House has provided a preview of several new tax increases set to be included in the President's upcoming budget, scheduled for release next week. Some key proposals outlined in the White House Fact Sheet include: • Increasing the Corporate Alternative Minimum Tax (CAMT) from 15 percent to the current regular corporate tax rate of 21 percent. • Raising the tax on stock buybacks from 1 percent to 4 percent. • Disallowing corporate compensation deductions for employees earning over $1 million. • Mandating that individuals with incomes exceeding $100 million pay a minimum of 25 percent in income taxes. Additionally, the President will reintroduce other tax policies from previous budgets, such as raising the corporate rate to 28 percent and implementing changes to align with the OECD's Pillar One global tax convention. None of the aforementioned proposals will be enacted into law this year, and their feasibility in the 119th Congress largely depends on the outcomes of the November elections. FACT SHEET: (see comments)
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The bipartisan tax deal announced today includes the restoration of the ability to expense 100% of R&D. Section 174 of the Internal Revenue Code enabled companies to deduct 100 percent of their R&D expenditures in the year they were incurred. However,the 2017 Tax Cuts and Jobs Act phased out this deduction, requiring businesses to amortize these investments over the course of five years, resulting in significant financial impact. If approved, this agreement will restore the long-term R&D investment incentive by allowing companies to fully deduct R&D expenses each year, ending the changes created in 2017.
Congress unveils bipartisan tax deal ahead of shutdown deadline
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As the UK tax landscape evolves post-elections, businesses must be prepared for potential changes in compliance requirements. From income tax adjustments to shifts in trade agreements and investment strategies, it's crucial to stay informed and adapt accordingly. Stay ahead of the game with the latest insights on navigating these changes effectively: https://bit.ly/45oFKP6 #GeneralElection #UKTaxLandscape
How UK tax changes post-election could impact business compliance - The CFO
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The tax landscape for businesses may change significantly in the near future. That’s because provisions in the Tax Cuts and Jobs Act are scheduled to expire and the November elections will be decided. Here are some possible outcomes.
For Small Businesses: The Possible Future Tax Landscape for Businesses
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Ever wondered how companies contribute to public funds? Enter the world of Corporate Tax, where businesses are taxed on their profits to support essential government services. But does this promote fairness or hinder economic growth? Corporate Tax is a levy placed on the profits of corporations, encompassing income from business operations, investments, and other activities. This tax is crucial for generating government revenue, funding public services, and infrastructure. Corporate taxes can vary widely between countries and industries, influencing business decisions on investment, expansion, and location. Proponents argue that corporate taxes ensure businesses contribute their fair share to society, while critics claim high corporate tax rates can stifle economic growth, discourage investment, and lead to tax avoidance strategies. Balancing competitive tax rates with adequate public funding remains a significant challenge in shaping corporate tax policy. Let us know your thoughts on Corporate Tax by scheduling your free 20-minute tax consultation today - https://shorturl.at/8bCoV. We’d love to hear from you! #CorporateTax #BusinessTax #TaxPolicy #CorporateProfits #TaxReform #FiscalPolicy #TaxRates #EconomicGrowth #TaxStrategy #PublicRevenue #TaxCompliance #CorporateFinance #BusinessFinance #TaxIncentives #Taxation #TaxFairness #EconomicImpact #TaxAvoidance #GlobalTax #TaxLaw
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