-Pass-through entities

Expanding The Net Investment Tax Mostly Would Target Households Making $1 Million or More

by

Scrambling for a politically acceptable way to raise revenue to pay for a scaled-down social spending and climate bill, Senate Democrats are considering a plan to expand the Net Investment Income Tax (NIIT). Predictably, critics allege the plan would hurt small, family business. But a new Tax Policy Center analysis finds that in 2023 the … Read more

One Strong Global Minimum Tax Beats Two Weak Ones

by

According to recent news reports, Congressional Democrats are considering watered-down versions of two measures from last year’s Build Back Better Act. The alternative minimum tax on the global book income of large corporations would allow a deduction for current investment expense, and the global intangible low-income (GILTI) reform would continue to allow cross-country pooling of … Read more