Obama’s Corporate Tax Overhaul Draws Scrutiny

Corporate tax rates in the United States are among the highest of any nation in the western hemisphere.

(firmenpresse) - Corporate tax rates in the United States are among the highest of any nation in the western hemisphere. The Obama administration is proposing changes to tax legislation in order to repatriate income shifted overseas.

The current U.S. corporate tax rate is upwards of 35 percent, and tax provisions are difficult to interpret. There are numerous loopholes that allow companies with talented accountants and lawyers to substantially reduce their tax liabilities. Critics argue this is unfair for small businesses that cannot afford to circumvent the Internal Revenue Code. It is also detrimental to the financial well-being of the U.S. government.

Obama’s proposal calls for lowering the corporate tax rate to 25 percent and closing loopholes that allow corporations to shift their income. However, certain deductions for property, innovation and hiring new employees will be cut to make up the difference. As a result, the tax corporations pay may stay close to current amounts. The debate over tax legislation grows contentious as lawmakers struggle to revise one of the most complex corporate tax structures in the world.

Libman Tax Strategy specializes in corporate tax return planning and reduction strategies. The company is aggressive in its approach, and personnel use every legal method at their disposal to reduce clients’ tax payments. The firm is also able to assist with a variety of general accounting and bookkeeping tasks. Testimonials and a full list of services can be viewed via the following link: adamlibman.com

For additional information on corporate tax return preparation, please phone (626) 280-6865. The Internal Revenue Code is constantly evolving making it necessary to revise tax strategies. Working with an experienced tax accountant is critical for accurate returns.

Contact Information:
Libman Tax Strategy
Adam Libman
255 E. Santa Clara Street
Suite 210
Arcadia CA 91006
Phone: 626.280.6865

Fax: 888-475-3435
Email: adam(at)adamlibman.com
Website: http://www.adamlibman.com/

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: suleman
Datum: 24.09.2013 - 09:12 Uhr
Sprache: Deutsch
News-ID 299376
Anzahl Zeichen: 2243

contact information:

Kategorie:

Business News

Typ of Press Release: bitte
type of sending: Veröffentlichung

Diese Pressemitteilung wurde bisher 225 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Obama’s Corporate Tax Overhaul Draws Scrutiny"
steht unter der journalistisch-redaktionellen Verantwortung von

Libman Tax Strategy (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

California Lawmakers Vote to Remove Retroactive Tax on Investors ...

The Qualified Small Stock exemption is causing controversy in California between lawmakers, investors and the California Franchise Tax Board. Over 2,000 taxpayers are fighting an order to pay $120 million in back taxes. The Court of Appeals ruled ...

Libman Tax Strategy Offers 5-Diamond Guarantee ...

Arcadia, CA – Libman Tax Strategy works aggressively on behalf of clients to reduce tax liabilities to the legal minimum. The firm offers a 5-Diamond Guarantee that stresses the importance of accuracy, customer service and effective tax return prep ...

Libman Tax Strategy Offers CPA Tax Preparation Services ...

Arcadia, CA – Effective tax planning strategies have the potential to save businesses thousands of dollars in overpayments, penalties and fees. Libman Tax Strategy offers clients CPA tax preparation services and a 5-Diamond Guarantee. Services ...

Alle Meldungen von Libman Tax Strategy