The combined tax reform proposal includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed. Here’s a thorough but concise summary of the plan.
Attached is a comprehensive table from Baird’s Tim Steffen comparing both the House of Representatives and the Senate tax reform bills to current law. This is a handy, at-a-glance tool for comparison as both bills are far from identical.
After the 2016 presidential election, we knew that 2017 was going to mean a change in direction for the country. President Trump ran on a platform of tax and healthcare reform, which seemed to signal a new frontier for tax and financial-planning strategies. So a year later, where do we stand?
Understand the key provisions of the Republican Tax Plan—and the impact on both individual and corporate taxpayers.
Tim Stevenson, Director of European Equities at Henderson Global Investors, says Europe finally seems to have broken free of the economic uncertainty that has plagued it for a decade and discusses the impact of irrational news on investor sentiment, and whether or not the market rotation we saw in the second half of 2016 is now fully ‘priced in’.
If there’s one word that characterizes 2016, it’s drama. That goes for last year’s politics, sports and even investments—last year, almost every corner of the global financial market experienced some kind of dramatic reversal, from U.S. stock markets to global bond markets, from crude oil prices to gold prices.
Here are several items that would be impacted by a full repeal of the ACA. It’s important to note that the replacement plan Republicans want to introduce does not yet exist. It’s very possible that some of these provisions could return in whatever replacement plan is ultimately proposed.
Introducing a four-part series on the growing, and welcome, changes in fiduciary responsibility for financial planners worldwide, starting with a look at the latest DOL rule.