Report reveals direction of tax reform debate and how companies can prepare for potential changes
Thomson Reuters has released a special report focused on President Obama’s 2015 budget proposal, which includes tax proposals such as the expansion and permanent extension of the earned income tax credit, the enhancement and permanent extension of the research tax credit, a number of new international tax proposals, and a renewed push for pairing infrastructure investments with business tax reform.
The budget also includes a new $56 billion “Opportunity, Growth and Security Initiative,” with suggested spending and tax changes to cover its costs.
“While it is uncertain whether any of the President’s tax proposals will become law, it is nonetheless critical for tax professionals to keep abreast of the tax reform debate in order to quickly respond to and comply with possible future changes,” said Catherine Murray, tax analyst at Thomson Reuters. “Offering expert insight, the report offers guidance and resources to help businesses and individuals prepare for potential tax law changes that could have a significant impact on their bottom line.”
The special report provides commentary from Thomson Reuters’ tax experts in response to the President’s proposed budget, which includes:
The report is an example of the practical, insightful information available on Thomson Reuters Checkpoint, which provides research, news, analysis, and productivity tools to tax, audit, accounting, legal, trade, and finance professionals.