KPMG’s podcast discusses the possible implications of the Biden administration tax framework regarding multinational corporations with U.S. operations. The abstract is as follows:
After much anxious anticipation, the Biden administration finally showed its cards. The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals (the “Green Book”) provided a bit more detail about the provisions that had been previewed several months earlier in Biden’s Made in America Tax Plan. Of particular note were a variety of provisions that will affect foreign multinationals doing business in the United States.
Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal