Proposed legislation would increase the Advanced Manufacturing Investment Tax Credit from 25% to 30% for projects started by the end of 2026. Substantial differences between House and Senate versions of the tax package will...more
WHAT TO WATCH - Democrats are reportedly nearing a topline agreement on the Build Back Better Act, the legislative vehicle to advance much of President Biden’s social infrastructure agenda. President Biden provided an update...more
Democrats have promised a revamp of the current international tax system to ensure that large multinational corporations pay their “fair share,” stop offshoring jobs, and are incentivized to invest in domestic growth. The...more