Biden Administration’s Green Book Proposes Significant Changes to Tax Regime
By EsqSocial Corporation 15/06/21
On May 28, 2021, the Treasury Department released the General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals (sometimes called the Green Book) to accompany President Joe Biden’s proposed budget for FY 2022. If enacted, the Green Book proposals would significantly increase tax burdens on corporate and individual taxpayers and make sweeping changes to the international tax regime that was overhauled in 2017 by the Tax Cuts and Jobs Act (TCJA). The proposals also would...
By: Skadden, Arps, Slate, Meagher & Flom LLP