For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
The Obama administration crafts a new weapon for its arsenal to counter accusations that it wants to raise taxes on small businesses, producing a new definition of small business that could blunt Republican attacks. Using its own definition of what a small business is, rather than the Small Business Administration's, Treasury says fewer than 3 percent of small businesses—about 600—would see any tax increase at all if tax rates were allowed to rise on individuals earning more than $200,000 per year. Congressional Republicans say the proposed redefinition appears to be fitting a little too nicely into Democratic talking points defending the expiration of the tax cuts for top earners.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)