US President Donald Trump's efforts to pull the reins on the Affordable Care Act, dubbed ‘Obamacare’, gained momentum on Thursday as the Republican’s healthcare bill was passed (narrowly) in the House of Representatives. The bill symbolises an important legislative victory for the Trump administration and paves the way for a tax cut for high earners.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Shapley would be the fourth person to hold the job this year; in other news, UK tax advisory firm MHA raised fewer funds than expected from its London IPO
The UK regulator is investigating EY’s auditing of the national postal service as it relates to the high-profile Horizon scandal, which saw hundreds wrongfully convicted
China’s largest overhaul of its tax administration system in 24 years, featuring enhanced enforcement powers, is underway, says Abe Zhao of FenXun Partners
However, the US president increased tariffs on imported Chinese goods to 125%; in other news, UK tax firm MHA expects to raise £102m from its London listing
Taxpayers with Brazilian operations should revisit their withholding positions in light of updated US guidance, writes Rafael Benevides, senior tax counsel at Meta