USA econovical news

Australian Miners Seeking New Free Trade Deals

The Minerals Council of Australia (MCA) has called on the Government to pursue further trade liberalization through bilateral and regional trading agreements.

IRS To Provide Expedited Audit Mediation For Small Businesses

The Internal Revenue Service (IRS) has released a new revenue procedure that creates a fast-tracked method for small businesses and self employed persons to engage with the IRS to resolve disputes.

German Manufacturers Unconcerned At US Border Taxes

Most German manufacturers exporting to the United States will not shift production to the US as a result of the imposition of new border taxes, according to a survey by the Ifo Institute.

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.

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