Trump Promises Tax-Cut Plan After Election

The Trump administration says it still wants to do another major tax overhaul but will wait until after the elections to roll out any policy specifics in the president’s plan. White House economic adviser Larry Kudlow said the president’s aides are “deep into discussions” about further tax cuts should Trump win reelection next week, but… Read more »

EU Warns Against Further Delays in Global Tax Talks

European Union (EU) officials are giving the Organization for Economic Cooperation and Development (OECD) until mid-2021 to achieve consensus on a global digital tax plan, but will go it alone if that target date is missed. The OECD convened a two-day meeting last week to jumpstart discussions among 137 countries on a global tax overhaul… Read more »

Window Closing in OECD Digital Tax Talks

After U.S. officials withdrew from months-long international negotiations on a global digital tax plan over the summer, the Organization for Economic Cooperation and Development (OECD) is attempting to build consensus this week on a tweaked plan. The OECD convened a two-day meeting starting today to jumpstart discussions among 137 countries on a global tax overhaul… Read more »

ASAE Joins Chamber Letter Opposing Payroll Tax Order

ASAE joined the U.S. Chamber of Commerce and more than 30 other associations this week in a letter urging congressional leaders and Treasury Secretary Steven Mnuchin to enact tax relief for American families that does not rely on a payroll tax deferment. President Trump issued an executive order this month that allows employers to defer… Read more »

Trump’s Payroll Tax Deferral Raises Questions

President Trump’s executive action last weekend to defer collection of payroll taxes forces employers, including associations, to make some difficult choices in the weeks ahead. Trump’s executive order defers payroll taxes from Sept. 1 through the end of December, meaning companies have just weeks to figure out whether the order is mandatory and modify payroll… Read more »