Deloitte Tax budget reconciliation materials available
New resources from Deloitte Tax LLP look at provisions in the budget reconciliation legislation currently being developed by congressional taxwriting leaders.
International tax proposals: A side-by-side table prepared by the International Tax group compares approaches to international tax reform laid out in President Biden’s proposed FY 2022 budget package, a discussion draft proposal from Senate Finance Committee Chairman Ron Wyden, D-Ore., and the “Pillar Two” blueprint from the OECD.
Green energy and infrastructure incentives: A new alert from the Federal Tax Credits & Incentives specialists provides details on the green energy, community development, and infrastructure incentives included in the tax package that was approved in the House Ways and Means Committee this week. (See separate coverage in this issue for additional discussion of that measure.)
Passthrough proposals: A summary from the Subchapter K group looks at the passthrough reform discussion draft and the Ending the Carried Interest Loophole Act that were recently released by Senate Finance Committee Chairman Ron Wyden and which could be incorporated into a Senate version of reconciliation legislation.
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