BREAKING NEWS Tax increase details released September 13, 2021— Yesterday, Finseca got hold of a list of tax increases planned to pay for the $3.5 trillion dollar ‘soft’ infrastructure package. This is an early document. and we expect changes before the bill reaches President Biden’s desk – candidly, it could change as soon as tomorrow.…
Finseca Action Center
Will Biden Tax Increases be Retroactive?
Topics: Estate tax, Finseca Action Center, investment and insurance tax, Tax Insights
From the desk of Kenneth J. Kies Managing Director, The Federal Policy Group -May 25, 2021 In general, the tax-writing committees in the U.S. Congress are not wild about retroactive taxes because they can be harmful to promoting certainty and stability for taxpayers. While the courts have allowed retroactive tax hikes as an extension of…