Expect a Tempest in Tax Under Trump
Expect plenty of changes in the world of tax under the new administration.
Expect plenty of changes in the world of tax under the new administration.
Even in an industry as massive, fluid and precarious as tech, AI’s rapid ascension has few parallels. Statements that were hyperbole just six months ago are now commonly accepted to the point of cliche.
Just before Inauguration Day, inflation data showed that the so-called shelter index—costs, including rent, mortgage payments, insurance, and utilities, that make up the biggest part of inflation—had risen for the 56th consecutive month.
President Trump announced new tariffs steel (25%) and aluminum (25%) in addition to what was previously imposed on Canada (25%), Mexico (25%), and China (10%).
Price unpredictability and other cost concerns are proving to be significant barriers to AI adoption for many IT leaders, with outcomes and ROI weighing in the balance.
The election results certainly bring a new day when it comes to taxes – especially for small and medium businesses.
The Senate confirmed IRS Commissioner Daniel Werfel about seven months after the agency received a massive infusion of funding from President Biden’s Inflation Reduction Act.
President-elect Donald Trump has tapped former Missouri congressman Billy Long to lead the IRS, which has triggered mixed reactions from Washington and the tax community.
While the RTO conservation has evolved since 2020, next year, HR leaders will continue to bring employees back to the office four, or even five, days a week.
Texas, is set to boost the U.S. capacity for repurposing old electric vehicle (EV) batteries into long-term energy storage systems. This initiative, partially financed by a $20 million grant from the Department of Energy, marks a significant step in creating an emerging EV battery reuse ecosystem.