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One Big Beautiful Bill Act (OBBBA)

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Megabill Provisions Raise Tax Exposure for Multinationals
Megabill Provisions Raise Tax Exposure for Multinationals

Megabill Provisions Raise Tax Exposure for Multinationals

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, introduces broad changes to international tax rules. These adjustments will affect U.S. corporations with foreign subsidiaries, especially those that benefit from favorable tax treatment on foreign income. While some provisions align with expectations tied to the scheduled end of the Tax Cuts and Jobs […]

Congress Passes Sweeping Tax and Spending Law with Broad Implications for Individuals and Businesses
Congress Passes Sweeping Tax and Spending Law with Broad Implications for Individuals and Businesses

Congress Passes Sweeping Tax and Spending Law with Broad Implications for Individuals and Businesses

Congress has passed a sweeping new law that permanently extends and expands key tax provisions, reshapes health and social program eligibility, and revises spending across defense, energy, and federal benefits programs. While many provisions take effect immediately, others will phase in or expire over time. AAFCPAs is analyzing the full scope of the law to […]