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What we’re focusing on
On Aug. 25, Democrats on the Senate Finance Committee released a draft bill that expands on the framework to overhaul the international taxation provisions in the Tax Cuts and Jobs Act of 2017 (TCJA). Unlike the proposals in the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” (Green Book), the Senate bill retains the basic architecture of the TCJA while “ensuring mega-corporations pay their fair share”* and allowing for the simplification of taxpayer compliance and administration.
Get a side-by-side comparison of the key international provisions included in the Senate bill and the Green Book.
The Green Book includes proposed changes that would significantly alter the existing international tax landscape. Get a closer look at what this means for you with highlights from our team of tax specialists.
If you’re looking for more information about new developments on tax proposals under the Biden administration, visit our tax policy coverage resource center.
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