by OverviewFx | Aug 30, 2023 | taxes
Britain plans to cut its corporate tax rate to 17% over the next three years. But many businesses say they’re happy with the current 19%, thank you very much. Make no mistake: Business leaders want to reduce their total tax burden. But they’re asking U.K....
by OverviewFx | Aug 30, 2023 | taxes
Donald Trump vowed during the campaign to get rid of a tax loophole used by some millionaire and billionaire investors to slash their bills. “The hedge fund guys won’t like me as much as they like me right now. I know them all, but they’ll pay...
by OverviewFx | Aug 30, 2023 | taxes
Republicans crossed another major hurdle in their effort to get a tax bill to President Trump’s desk by Christmas. In the early hours of Saturday morning, the Senate passed a sweeping tax overhaul bill in largely party-line vote. Just one Republican, Tennessee...
by OverviewFx | Aug 30, 2023 | taxes
The tax overhaul bills passed by the Senate and House would likely to change your tax return in ways large and small — which credits you can take, what you can deduct, how much you pay. But they differ on key points. You’ll be hearing a lot about those...
by OverviewFx | Aug 30, 2023 | taxes
The tax bills passed by the House and the now the Senate include slightly more generous benefits for parents. Unless their children are undocumented immigrants. Currently, non-citizens filing taxes using an Individual Taxpayer Identification Number, or ITIN, are...
by OverviewFx | Aug 30, 2023 | taxes
In its frenzied rush to write a tax bill that could win enough votes, the Senate inadvertently weakened a powerful tool for promoting innovation. The research and development tax credit allows companies to write off a portion of their spending on experimentation for...
