Bloomberg Tax presents the General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals by the Treasury Department. The article begins as follows:
Topics include:
Increased Taxation of Highest Earners
International Changes
Exchange Rates/Offshore Expensing
Rate Increases for C Corporations
Carried Interests, Depreciation Recapture, Digital Assets
Statutes of Limitations for Major Omissions
Provisions Impacting High-Net-Worth Individuals
Other EGT Proposals and Tax-Exempt Organizations
Employer Withholding and Funding Obligations
To see the full article, click: “Treasury Greenbook Select Highlights”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.
Wealth Strategies Journal 