KPMG report: Tax provisions for banking industry in Biden Administration’s FY 2022 budget proposals
Tax proposals relevant to the banking industry
Tax proposals relevant to the banking industry
The U.S. Department of the Treasury on May 28, 2021, released its General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals [PDF 884 KB]—better known as the “Green Book”—outlining the Biden Administration’s tax proposals in greater detail, including information on proposed effective dates, Treasury revenue estimates, and design choices.
KPMG LLP on May 31, 2021, released a 117-page report [PDF 1.4 MB] with analysis and observations about the tax proposals in the Biden Administration’s FY 2022 budget.
This report highlights selected revenue proposals that may be of interest to the banking industry and sets forth possible implications for banks to consider. Read KPMG report: Tax provisions for banking industry in Biden Administration’s FY 2022 budget proposals [PDF 635MB]
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