Tax provisions in the administration’s FY 2016 budget
Tax provisions in the administration’s FY 2016 budget
President Obama, on February 2, 2015, transmitted to Congress his fiscal year (FY) 2016 budget, containing the administration’s recommendations to Congress for spending and taxation for the fiscal year that begins on October 1, 2015.
KPMG LLP has prepared a report providing descriptions and observations of the tax provisions in the FY 2016 budget. Read KPMG’s report: Tax provisions in the administration’s FY 2016 budget [PDF 1.27 MB]
For ease of reference, KPMG has compiled summaries and observations relating to certain specific industries and topics in separate discussions:
- Business tax credits [PDF 469 KB]
- Closely held businesses and their owners [PDF 1.0 MB]
- Compensation, benefits & qualified plans [PDF 444 KB]
- Corporate tax [PDF 1.8 MB]
- Energy and natural resources [PDF 3.0 MB]
- Exempt organizations [PDF 522 KB]
- Financial institutions & products [PDF 573 KB]
- Insurance [PDF 907 KB]
- International tax [PDF 1.3 MB]
- Passthroughs [PDF 824 KB]
- Practice, procedure, and administration [PDF 769 KB]
- Public investment management [PDF 1.9 MB]
- Real estate [PDF 815 KB]
- Tax accounting [PDF 612 KB]
- Taxation of individuals [PDF 531 KB]
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