Biden Administration's FY 2022 Budget and International Tax Changes

A previous Holland & Knight alert provided an overview of corporate and individual income tax increases as detailed in the U.S. Department of the Treasury May 2021 "Green Book." (See "Biden Administration's FY 2022 Budget and Its Tax Increases for Corporations, Wealthy," June 3, 2021.) This alert provides more details as to the international tax proposals relating to the 1) Global Minimum Tax Regime, 2) The Stopping Harmful Inversions and Ending Low-Tax Developments (SHIELD), 3) Repeal Taxation...
By: Holland & Knight LLP