Tax Managers Draw Up Wish List on Crisis Legislation

What was shaping up to be yet another yr of tax gridlock in Washington has, like seemingly every little thing else, been disrupted by the coronavirus outbreak.

Law firm Miller & Chevalier checked in with tax executives at 34 U.S. firms to gauge what legislative and administrative tax proposals getting considered would be most helpful to their corporations and their likelihood of passage or implementation.

The outcomes reflect careful optimism. Almost 70% of the surveyed tax supervisors count on employment tax aid to be passed, trailed by payroll tax aid (sixty five%), increased charitable deduction provisions (56%), and field-particular aid (fifty three%).

Many count on Congress to move net working decline aid (47%), desire deduction limitation aid (47%), and increased R&D incentives (forty four%).

As to what kind of coronavirus-linked tax laws would be most helpful to their company, payroll tax aid and employment tax aid tied for the top

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