Page 43 - Pillar Two News Today

The Law of Unintended Consequences has not been rescinded. Don’t be surprised if corporations find loopholes to circumvent new tax laws intended to get them to “pay their fair share.”

If you thought the recent price increase at your neighborhood store was inflation’s last flop, think again. The Inflation Reduction Act (“IRA”), which was signed into law by President...

If you thought the recent price increase at your neighborhood store was inflation's last flop, think again. The Inflation Reduction Act ("IRA"), which was signed into law by President Biden on August 16, 2022, ...

The new law generally imposes a 15% alternative minimum tax on book income of corporations with book income in excess of $1 billion. Public companies will generally be...

J. Brian Davis Keith C. Durkin Kevin R. Edgar Michael A. Ferguson Adam J. Higgins Morgan W. Holtman Christian B. Jones Nicholas C. Mowbray Jeffrey H. Paravano Alexander L. Reid Paul M. Schmidt...

On Aug. 7, the Senate passed H.R. 5376, the Inflation Reduction Act of 2022 (the Act). If approved by the House of Representatives, as expected, the bill will be sent to President Joe...

The bill is expected to be considered by the House later this week.

The Senate yesterday passed tax, climate and healthcare legislation called the Inflation Reduction Act (IRA2022) along party lines, with Vice President Kamala Harris casting...

Free zone entities are by and large exempt from 9% corporate tax – but be sure

The US Treasury is moving to formally withdraw from the US-Hungary income tax treaty, which has been in effect since 1979 (the Treaty). For previous reporting by Eversheds Sutherland...