Report on recent US international tax developments — 27 June 2025
The US Senate's consideration of their version of the House-passed budget reconciliation bill, the One Big, Beautiful Bill Act (OBBBA, H.R. 1), has been delayed after the Senate Parliamentarian ruled that the bill's approach to Medicaid provider taxes would violate reconciliation rules. The Parliamentarian also found certain other proposed tax provisions could not be enacted using reconciliation.
A…
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