KPMG report: Tax provisions for asset management industry in Biden Administration’s FY 2022 budget proposals (June 29, 2021)

KPMG is reporting that the U.S. Treasury Department on May 28, 2021, released the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals”—the “Green Book.” The Green Book describes the Biden Administration’s tax proposals in connection with its proposed budget, and provides additional details with respect to these proposed tax provisions. This booklet highlights revenue proposals that are relevant to the asset management industry.

See a June 2021 report prepared by KPMG, click here.

See the full KPMG article by clicking: Tax provisions for asset management industry in Biden Administration’s FY 2022 budget proposals (June 29, 2021).

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.

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