Analysis: Biden budget proposal looks doomed to fail

Ralph Cunningham

March 10 2023

The Biden administration is rewriting the US BEAT, GILTI, and FDII regimes

President Joe Biden wants to raise corporate tax and impose a higher stock buyback tax on US businesses, but his budget proposal faces insurmountable obstacles in Congress, writes Ralph Cunningham.

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Direct Tax News

Ralph Cunningham

Ralph Cunningham worked at ITR between 2004 and 2018 and is now a freelance journalist.

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