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During 2021, COVID-19, the new Biden administration, the Tax Cuts and Jobs Act TCJA, the Coronavirus Aid, Relief and Economic Security Act CARES ACT, the American Rescue Plan ARP, and the uncertainty about the Build Back Better Plan BBB dominated the planning landscape.
Having waited eight months for US Trade Representative Katherine Tai’s (戴琪) promised “top-to-bottom” policy review of trade with China, some US industries and experts were complaining over the plan’s lack of specifics on negotiations or timing. Unveiling her plan on Monday, Tai, US President Joe Biden’s top trade official, pledged to hold talks with Chinese officials over their failure to meet the terms of former US president Donald Trump’s “phase one” trade deal, and to revive a process to grant exclusions from tariffs on Chinese imports. “She’s going to re-engage with...
U.S. Treasury Secretary Janet Yellen said on Tuesday she is looking for G20 countries to reach political agreement on a global minimum corporate tax d
WASHINGTON, Sept 29 ― US Treasury Secretary Janet Yellen said yesterday she is looking for G20 countries to reach political agreement on a global minimum corporate tax deal at their summit in October and has not ruled out a rate higher than 15 per cent. Yellen, speaking to the National...
On September 13, 2021, the U.S. House of Representatives Ways and Means Committee released draft budget reconciliation legislation proposing a number of significant tax changes for...