By sorting out which provisions should be made permanent, which should be extended for a short time and which should be phased out, French said the tax relief measure “will be a stepping stone to more fundamental tax reform that provides U.S. businesses with a more competitive tax rate, increases investment in the US, increases wages in the US, and helps the consumer.”
US-based National Retail Federation (NRF), the world's largest retail trade association, has welcomed final passage by Congress of a wide-ranging#
Between the two bills, the Affordable Care Act's so-called Cadillac Tax on high-value health insurance plans and a tax on medical devices would be delayed for two years, along with a one-year delay in a health insurance tax.
Also included is language protecting businesses from liability when they share information about cyber threats with the government. (SH)
ALCHEMPro News Desk – India
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