#tax-reform

#tax-reform

The Efra committee has urged the government to delay proposed changes to inheritance tax for farmers, advocating for more time to formulate effective policies.

NHC strongly supports the housing provisions included in the House Ways and Means Committee's tax reform bill that aim to expand affordable housing.

"This is one of President Trump's priorities, and it's one of my priorities as well," Marshall said at a press conference unveiling the legislation.

"Many businesses have been counting the cost of blanket contractor bans in response to the off-payroll rules - a set of tax rules that are inextricably linked to Employers' NI."

However, UK business leaders are backing recent government efforts to address the issue, with nearly half (49%) supportive of the recent reforms to the apprenticeship levy, 54% welcoming the corporation tax freeze, and 50% endorsing planning reforms aimed at reducing regulatory complexity.

"current tax implications of spending BTC hamper its utility for Rhode Island citizens and stifle economic activity."

The proposed tractor tax and inheritance tax reforms threaten to undermine family businesses and agriculture, potentially resulting in over 200,000 job losses and significant economic downturn.