USA econovical news

House Tax Committee Votes To Repeal Obamacare

Further progress towards the repeal of Obamacare and its replacement with a Republican alternative was taken on the evening of March 9, with the House of Representatives House Ways and Means Committee approving the proposed new legislation.

IRS Sees Recovery In US Tax Returns Received

The US Internal Revenue Service (IRS) is now, after an initial drop, seeing a resurgence in the number of tax returns it is receiving from taxpayers in the 2017 tax season, which began on January 23.

US Tax Reform Only After Obamacare Repeal: Trump

US President Donald Trump said legislation to repeal the Affordable Care Act (ACA) and its taxes will need to be passed in the US Congress before a tax reform bill can be presented.

US Retailers Talk Tax Reform With Trump

The Retail Industry Leaders Association (RILA) and CEOs of several large US retail companies met President Donald Trump on February 15 to discuss US tax reform, and to express their opposition to the proposal for border adjustability.

US Bill To Give Aircraft Management Services Tax Break

Companion bills to provide an exemption from the excise tax on air transportation for payments by aircraft owners for aircraft management services have been reintroduced into the US Senate and House of Representatives.

Mexico Consults On NAFTA Changes

Mexican President Enrique Pena Nieto has announced the beginning, from February 1, of a 90-day consultation process to identify possible improvements to the North American Free Trade Agreement (NAFTA) that Mexico could support.

Study Shows Impact Of US Foreign Reinsurance Bill

Brattle Group, a provider of consultancy services and expert testimony, has updated its economic impact study of legislation introduced into the US Congress to close the so-called "tax loophole" said to provide foreign-owned insurers with an opportunity to obtain a significant advantage over their American competitors.

Tax Foundation Studies US Pass-Through Tax Reform

The Tax Foundation (TF) has issued a paper saying that "there is a strong case to be made for keeping the current system of taxing pass-through businesses" in the United States.

US Congress Receives Bill To Cancel CEO Tax Breaks

Legislation has been introduced in Congress to stop the unlimited US corporate tax deductions allowed for performance-based executive pay.

Sanders To Introduce US 'Outsourcing Tax' Legislation

US Senator Bernie Sanders (I – Vermont) has stated his intention to introduce legislation into Congress that would impose an "outsourcing tax" on companies moving jobs out of the United States, as well as stripping them of their US tax breaks and benefits.

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