ECOVIS Global published an article by Tax Director Douglas Nakajima, about planned tax reform under President Biden.
By Douglas Nakajima, International Tax Co-Leader
The proposals will almost certainly be subjected to major amendments before they approach the level of support needed for passage, as we are at the beginning of the legislative process. However, some form of virtually all these proposals can be expected to find their way into US tax law. Taxpayers with multinational operations and their advisors need to be ready to respond to any changes, explain the Marcum LLP experts.