A Note from the Editors-in-Chief
The proposals span the legislative gamut and include changes to (i) the corporate rate, (ii) the international tax regime, (iii) energy taxes, (iv) the taxation of capital income and wealthy individuals more generally, and (v) tax compliance and tax administration provisions. In the context of finan...
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Published in | Journal of Taxation of Financial Products Vol. 20; no. 1; pp. 3 - 4 |
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Main Authors | , |
Format | Journal Article Trade Publication Article |
Language | English |
Published |
Riverwoods
CCH, Inc
01.03.2023
CCH INCORPORATED |
Subjects | |
Online Access | Get full text |
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Summary: | The proposals span the legislative gamut and include changes to (i) the corporate rate, (ii) the international tax regime, (iii) energy taxes, (iv) the taxation of capital income and wealthy individuals more generally, and (v) tax compliance and tax administration provisions. In the context of financial products, the Greenbook includes proposals to (i) amend the wash sale rules under Code Sec. 1091, (ii) modernize and expand the scope of Code Sec. 1058, (iii) expand digital asset information reporting, (iv) amend the mark-to-market rules of Code Sec. 475 to include digital assets, and (v) enact an excise tax on energy used to mine digital assets. In our first article, IRA May Significantly Increase the Complexity of SSAP No. 101 for Insurance Companies, Michael Beaty and Carl Barkson consider one aspect of the IRA-the Corporate Alternative Minimum Tax (CAMT)-and describe what that legislation means for insurance companies. |
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ISSN: | 1529-9287 |