Herb Jackson
Newsletter Editor at Bloomberg Industry Group
Newsletter editor with @BBGIndustry | Board chair, @PressClubDC. Previously @RollCall & @CQNow, @NorthJersey, @AsburyParkPress, @AP, @daily_targum
Articles
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1 week ago |
news.bloombergtax.com | Naomi Jagoda |Herb Jackson
‘Revenge Tax’ Still Meaty in Senate BillSenate Republicans may have altered the so-called revenge tax on foreign companies in their version of the GOP tax bill, but their provision still has all its teeth. The Senate’s iteration of proposed Section 899 delays the effective date of the tax for a year, compared with the House-passed bill. It also caps the tax rate increase at 15 percentage points, down from the 20-percentage-point maximum in the House bill.
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2 weeks ago |
news.bloombergtax.com | Kim Dixon |Zach Williams |Maeve Sheehey |Herb Jackson
Push for New Markets Tax CreditRenewal of the New Markets Tax Credit—a bipartisan program that’s been around for more than two decades—was left out of the House-passed version of the GOP tax bill, pushing lobbyists into overdrive. Banks, nonprofits, and community development entities are among those asking senators to add the popular credits into the bill.
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1 month ago |
news.bloombergtax.com | Lauren Vella |Kim Dixon |Herb Jackson
Revised House Tax Bill With Raised SALT CapThe House was working toward final passage of a mammoth tax package this morning after it cleared a procedural vote around 2:40 a.m. with only one Republican—Rep. Thomas Massie (R-Ky.)—voting against it. A revised bill released Wednesday night includes a deal brokered by House Speaker Mike Johnson (R-La.) with a group of blue-state Republicans to raise the state and local tax, or SALT, deduction cap from $10,000 to $40,000 over the next decade.
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1 month ago |
news.bloombergtax.com | Ken Tran |Jack Fitzpatrick |Herb Jackson
House Republicans Inch Toward Tax, Spending Bill VoteSpeaker Mike Johnson (R-La.) is chipping away at internal GOP opposition to a sweeping reconciliation bill as he pushes to pass the legislation out of the House as early as today.
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1 month ago |
news.bloomberglaw.com | Caleb Harshberger |Herb Jackson
Hello and welcome to this week’s Transfer Pricing Report. The UK on Monday dropped a pair of consultations on proposed reforms to transfer pricing and other cross-border tax laws—with changes that could put a bigger burden on companies. Tax practitioners told reporter Somesh Jha that UK-based multinationals face more compliance challenges under new transfer pricing data requirements announced by the tax authority.
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