President Obama on February 2 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.
An initial report of the FY 2016 budget proposals, as prepared by KPMG's Washington National Tax, provides descriptions of and observations about substantially all the tax provisions in the Obama Administration's budget for FY 2016.
KPMG’s TaxNewsFlash today provides the first in a series of reports that break our summaries and observations about FY 2016 budget proposals into separate booklets for certain specific areas of taxation or industry sectors. These first reports highlight tax proposals of interest to the following areas:
Read these separate reports, as well as the initial report, on the KPMG FY 2016 budget website. Reports on additional topics will be issued soon.
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