Documents tagged "Tax"
Found 28 documents with this tag
HOUSE_OVERSIGHT_023564.txt
Leon Black, CEO of Apollo Global Management LLC, is considering the potential tax implications of the new U.S. tax regime for his firm and other Wall Street firms. Publicly traded partnerships like Apollo are taxed differently than corporations, so there is a decision to be made about whether to take advantage of the overhauled tax rules or convert to an Inc. from an LLC, which would increase its tax bill but allow it to attract investments from mutual funds. The new lower corporate rate has made it possible for bigger publicly traded partnerships to consider this change.
HOUSE_OVERSIGHT_023069.txt
The document discusses the potential impacts of corporate tax reform on equity markets. It focuses on four key components that could have significant equity implications and assesses their impact at a market, sector, and industry level. The authors suggest that there could be a near-term boost to EPS but that the long-term impact would vary depending on the specific reforms implemented. They also discuss how cutting the corporate tax rate could add $8 to EPS and estimate that repatriation of overseas earnings could lead to buybacks that could boost EPS by 3%. The document is intended for Amanda Ens from BAML and unauthorized redistribution is prohibited.
HOUSE_OVERSIGHT_022361.txt
The Fiscal Year 2014 budget issued by President Obama includes provisions that would limit certain tax benefits for individuals with income taxed at higher rates, including all itemized deductions and contributions to retirement plans. The Treasury Department's "Green Book" provides further details on the proposed tax changes. Critics argue that the proposal would increase taxes on those earning under $200,000 or married couples filing jointly with income under $250,000, who President Obama has previously pledged to insulate from higher taxes.
HOUSE_OVERSIGHT_022359.txt
The document discusses tax proposals in President Obama's Fiscal Year 2014 Budget, which was released on April 10th. Key people mentioned in the document include Managing Directors Paul Morris and Blanche Lark Christerson from Deutsche Bank Asset & Wealth Management and Deutsche Bank Trust Company, N.A.
HOUSE_OVERSIGHT_022330.txt
This document provides a summary of various tax topics and planning points from 2013 to present. Key people include Managing Director Blanche Lark Christerson and senior wealth planning strategist; key places include the United States Supreme Court, Treasury Department, and IRS; and key topics include estate planning, inflation-adjusted numbers for 2014, tax reform, budgeting, and charitable contributions. The document also discusses various cases and court rulings that have impacted taxation.
HOUSE_OVERSIGHT_022325.txt
The document discusses budget and tax reform in the United States, with particular emphasis on the work of House Budget Committee Chairman Paul Ryan, Senate Budget Committee Chairman Patty Murray, and other lawmakers. It also mentions Sen. Max Baucus's recent discussion drafts of legislation dealing with corporate and international tax and energy incentives, as well as Rep. Dave Camp's focus on introducing tax reform legislation rather than an "extenders" bill. The term "extenders" generally refers to temporary provisions in the tax law that Congress regularly renews for a limited period.
HOUSE_OVERSIGHT_019440.txt
The document discusses a government shutdown in October 2013 that led to legislation being passed and signed into law by President Obama. This legislation included the Consolidated Appropriations Act of 2014, which allocated $1.012 trillion to fund the government through September 30, 2014. The document also mentions that the IRS was allocated $11.289 billion in funding under this act, but it is less than last year's level and continues a downward trend. Additionally, the document notes that the IRS will have new quarterly reporting requirements and must abide by certain directives.
HOUSE_OVERSIGHT_014498.txt
This document is a newspaper article from December 2016 that discusses tax hikes in the Virgin Islands due to an empty government piggy bank. The article mentions back pay for court-ordered expenses and an increased unemployment insurance rate for businesses. It also touches on topics such as sin taxes, time-share owners, and Puerto Rico.