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A Technical Correction to Address the Impact of the State and Local Tax Deduction Cap on State-Based Tax Credit Scholarship Programs

The Tax Cuts and Jobs Act (TCJA) of 2017 was the most comprehensive update to the federal tax code in more than 30 years. Although the primary goal of the reform was economic growth and job creation, an important secondary goal was making the federal tax code more neutral toward state tax policy.

iTWire - Financial Rights call on Government over citizens consent to data sharing

Déjà Vu All Over Again: Life Sciences Companies Brace For More US And Global Tax Reform - Tax

To print this article, all you need is to be registered or login on Mondaq.com. The 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the Internal Revenue Code (Code). When coupled with the implementation of the various Action Items included in the OECD s Base Erosion and Profit Shifting (BEPS) initiative, life sciences multinationals responded by making major changes to their supply chains and structures for holding and exploiting intellectual property (IP). The Biden administration has proposed significant changes to the Code that would increase the corporate income tax rate, alter the mechanics for taxing foreign income and eliminate incentives

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