Budget plan and Green Book released for FY24—what’s inside?

Budget plan and Green Book released for FY24—what’s inside?

While President Biden’s FY24 budget plan contains many well-known ideas, including increases for corporate tax and high earners, there are some small but important changes too, particularly for multinational businesses, and new energy proposals associated with cryptocurrency mining. In this latest episode, host Carrie Falkenhayn sits down with Washington National Tax leader Jonathan Traub and Tax Policy group leader Anna Taylor to explore the proposal, its tax implications, the reception by Congress, and its potential for approval:.

One area of the budget proposal I can see being agreed upon is raising the excise tax on stock buybacks from 1% to 4% but only in exchange for something else

—Jonathan Traub

Subscribe to Tax News & Views

There are plenty of tax-related policy and regulatory updates these days. Clear-eyed analysis of it is more difficult to come by. Deloitte Tax News & Views is a tax podcast committed to making sure you understand the latest tax developments and opportunities and their potential impact on your business.

Listen as Deloitte Tax specialists provide key highlights of tax legislation, regulation, and more.

Subscribe now on: iTunes | SoundCloud | Stitcher | Spotify

Or visit the Tax News & Views library for the full collection of episodes.