Tax Pros Grapple With Complex Corporate Book Tax Rules
Talking Tax9 Loka 2024

Tax Pros Grapple With Complex Corporate Book Tax Rules

After more than two years, the Treasury Department has proposed rules to implement the new minimum tax on companies’ book income. Now comes the hard part. The regulations, which Treasury issued last month, would govern how the corporate alternative minimum tax is applied and calculated. CAMT, enacted in 2022, requires big companies to pay at least 15% in taxes on the income they report on their financial statements—a crackdown on companies that have been able to pay little or nothing in the past by taking advantage of tax breaks and tax-planning strategies. The proposed regulations run to more than 600 pages, and set up a highly complex regime for companies that fall under CAMT. Tax professionals and companies continue to pore over the rules, to see what kind of effects they’ll have. Bloomberg Tax senior reporter Michael Rapoport spoke with Monisha Santamaria, a principal in KPMG LLP’s Washington National Tax practice about the complexity of the CAMT regulations; some notable aspects of the rules; how CAMT will affect more than just the 100 or so companies that Treasury says will have to pay it; and the chance for companies to persuade Treasury to revise its plans.

Jaksot(431)

Hill Roundtable- Episode 36- Midterm Election Deadline Looms Over Tax Reform Efforts

Hill Roundtable- Episode 36- Midterm Election Deadline Looms Over Tax Reform Efforts

House Ways and Means Committee Chairman Kevin Brady (R-Texas) and House Speaker Paul D. Ryan (R-Wis.)are confident that tax reform will be passed this year. Reporters Colleen Murphy and Laura Davison...

11 Syys 20177min

Hill Roundtable- Episode 35- GOP Takes Tax Reform Campaign on the Road

Hill Roundtable- Episode 35- GOP Takes Tax Reform Campaign on the Road

House Speaker Paul D. Ryan (R-Wis.) and House Ways and Means Committee Chairman Kevin Brady (R-Texas) are taking their pitch for tax reform across the country. Reporter Kaustuv Basu spoke with Talkin...

25 Elo 20175min

Portfolio Podcast- The Minefields of Estate Planning and Carried Interest

Portfolio Podcast- The Minefields of Estate Planning and Carried Interest

Navigating the complexities of estate planning with carried interest can quickly become a daunting task. N. Todd Angkatavanich, David A. Stein, and Andrew Haave of Withers Bergman LLP authored a Bloo...

17 Elo 201720min

Hill Roundtable- Episode 33- Looking Ahead to Post-Recess Tax Reform Action

Hill Roundtable- Episode 33- Looking Ahead to Post-Recess Tax Reform Action

Senate Finance Committee Chairman Orrin G. Hatch (R-Utah) says Republicans will "hit the rich" in tax reform. Reporters Kaustuv Basu and Colleen Murphy spoke with Talking Tax host Matthew Beddingfiel...

7 Elo 20176min

Tax & Accounting Podcast- Episode 32- GOP Plans Next Move After Health Care Bill Collapse

Tax & Accounting Podcast- Episode 32- GOP Plans Next Move After Health Care Bill Collapse

Senate Republicans failed to repeal the Affordable Care Act last week, but efforts to pass health care legislation may not be over yet. Reporters Laura Davison, Kaustuv Basu, and Colleen Murphy spoke...

31 Heinä 20176min

Tax & Accounting Podcast- Episode 31- House Budget Faces Challenges Out of the Gate

Tax & Accounting Podcast- Episode 31- House Budget Faces Challenges Out of the Gate

The House fiscal year 2018 budget resolution, which is the key to the GOP's full tax reform package, is facing difficulties as moderate and conservative Republicans have already attacked the measure. ...

21 Heinä 20178min

Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote

Tax & Accounting Podcast- Episode 26- Draft Health Care Bill Faces Compromises Before Vote

The Senate is likely to vote the week of June 26 on a draft health care bill that would repeal the Affordable Care Act's taxes. Senate Republicans are working to compromise on various aspects of the ...

23 Kesä 20178min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
politiikan-puskaradio
tervo-halme
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
rikosmyytit
the-ulkopolitist
linda-maria
radio-antro
rss-sanna-ukkola-show-verkkouutiset
io-techin-tekniikkapodcast
aihe
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset