2021

Biden's Build Back Better Infrastructure bill
2021, Taxes, U.S.

Three Key Tax Implications of the Biden Administration’s New Infrastructure Bill

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The long-awaited infrastructure proposal was approved by Congress late last week and has been signed into law by President Joe Biden. As part of the President’s mission to “build back better,” the proposal is a considerable investment in the country’s infrastructure.

And while not as large as once envisioned — originally, it was $3.5 trillion — it is still a substantial amount at $1.2 trillion. Funding for the Infrastructure Bill will come from a few sources.

International tax expert Jack Brister comments on some of the tax changes that will impact businesses and investors.

2021, Compliance, Taxes, U.S. Economic System

It Happened in South Dakota

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The Pandora Papers, a recent reveal of pervasive cross-border financial crime and elaborately-crafted tax dodging structures, as reported by a global network of investigative journalists, has
already shaken up governments and elections, upended tax authorities and initiated criminal investigations… Perhaps the most intriguing revelation of all from a stateside perspective was the emergence of South Dakota as a preferred tax haven of the rich and famous.

2021, Covid-19, U.S. Economic System

Third Quarter 2021 U.S. Economic Outlook: Vaxed, Taxed, and Roaring Back

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It’s been a year and a half since the onset of COVID-19, and there’s encouraging news for clients. The U.S. economy is bouncing back to life thanks in part to government aid and relatively high vaccination rates. The national economy grew at a seasonally adjusted, 6.5% annual rate in the second quarter, a sign that the nation has achieved a sustained recovery from the pandemic-induced recession. In fact, the economy has now surpassed its pre-pandemic levels.

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