U.S. Sen. Steve Daines (R-Mont.) has introduced his Main Street Tax Certainty Act, which would prevent tax rate hikes on U.S. individually and family-owned businesses. The bill would do so by making permanent the Section […] Read More
U.S. Sen. Steve Daines (R-Mont.) has introduced his Main Street Tax Certainty Act, which would prevent tax rate hikes on U.S. individually and family-owned businesses. The bill would do so by making permanent the Section […] Read More
The state of Iowa has enacted a tax provision for pass-through entities that will allow a partner or shareholder to claim a credit against the individual income and franchise taxes paid. As Reuters explained, the […] Read More
As Connecting the Dots explained late last year, a provision that went into effect at the beginning of 2022 means businesses now can only amortize or deduct research and development (R&D) expenses over a period […] Read More
As Connecting the Dots reported last week, at the beginning of 2022, a stricter limit on the deductibility of the interest payments on business loans went into effect, which increased the cost of financing critical investments […] Read More
The European Union has approved legislation to impose taxes on imports based on the greenhouse gasses emitted during manufacturing. Goods covered under the mechanism include iron, steel, aluminum, cement, electricity and hydrogen, and downstream products […] Read More