Despite the fact that there is consensus among Republicans in the House and Senate that comprehensive tax reform is needed, there is no agreement about whether that is the right approach to take this fall rather than pursuing a package of tax cuts.
TPC CEO Cary McMillan joins 605 people whose names you need to know in Chicago business.
True Partners Consulting, a world-class tax and business advisory firm, has partnered with Corporate US Bound, a consortium of expert service providers brought together to advise foreign companies establishing operations in the U.S. TPC will be the sole provider of tax compliance and consulting services to clients of Corporate US Bound.
For the 60-day period between August 17, 2017 – October 17, 2017, select states are offering tax debt forgiveness to eligible taxpayers who voluntarily come forward and agree to begin collecting sales/use tax no later than December 1, 2017 and income/franchise tax starting with the 2017 tax year.
The resolution includes reconciliation instructions for the Ways & Means Committee to report a comprehensive tax reform bill and a broad policy statement on tax reform calling for simplification, lower marginal rates for individuals and corporations, consolidation of tax brackets, repeal of the AMT, and a transition to a more competitive system of international taxation.