Tag: tax_policy
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Treasury and IRS Propose Rules to Restrict Refundable Tax Credits to Eligible Taxpayers
The Treasury and IRS have proposed new rules to limit refundable tax credits, including the EITC and Child Tax Credit, to U.S. citizens, nationals, and qualified aliens, fulfilling President Trump's pledge to prevent abuse.
Politics and GovernmentBusinessLaw EnforcementUSA US Department of the TreasuryInternal Revenue Service (IRS)Refundable Tax CreditsIllegal AliensPersonal Responsibility and Work Opportunity Reconciliation Act of 1996Donald J TrumpTax PolicyUS Treasury
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California Film and TV Production Surges Following Historic Tax Credit Expansion
Governor Gavin Newsom’s expansion of the California Film and Television Tax Credit Program to $750 million has driven a massive increase in local production, generating $5.5 billion in economic activity and creating over 21,000 jobs statewide.
Politics and GovernmentBusinessEntertainmentState GovernmentsEconomyEmployment and LaborFilm and TVGeneral Politics TelevisionMoviesEntertainment IndustryCaliforniaGavin NewsomTax PolicyEmploymentCalifornia Governors Office
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US and Croatia Sign Protocol to Income Tax Treaty
US and Croatia amend income tax treaty with a new protocol, aiming for greater certainty in investments and alignment with current U.S. tax laws. The agreement moves to the U.S. Senate for ratification.
Politics and GovernmentBusinessWorld Tax TreatyCroatiaProtocolDubrovnikThree Seas InitiativeTax PolicyUS Treasury