Tax Bill news and trends

Barclays, Shell Expect Billion-Dollar Charges From US Tax Reform
B2B Payments // December 29, 2017

The GOP-led tax reform in the U.S. has secured a stamp of approval from small and medium-sized business (SMB) advocates at the National Federation of Independent Business (NFIB), and other analysts say the plan could lend a big boost to large corporates, too. But two...

GOP’s Corporate Tax Break May Be Phased Out After A Decade, Source Says
B2B Payments // November 03, 2017

The GOP released its tax plan Thursday (Nov. 2), offering a glimpse into its Tax Cuts and Jobs Act that includes plans for corporate taxes. According to reports in The New York Times, Republican tax reform efforts would impose a minimum global tax of 10 percent for...

Quick Reads
EU Threatens To Tax Big Tech, Big Time

February 27, 2018
The European Commission is looking to tax digital firms’ revenues, eyeing where their users are based – not where the firms themselves base their headquarters. Such a plan, Reuters reported on Monday (Feb. 26), would have the impact of taxing those companies’ revenues at a rate that could range between 1 percent to 5 percent. […]