Blogs > Business Without Borders®

Jul 12, 2021

Cross-Border Transactions and International Investment: Potential Impact of President Biden’s Capital Gains Tax Proposal

President Biden’s “American Families Plan” includes a proposal to impose ordinary personal income tax rates (which the plan proposes to increase to 39.6%) on long-term capital gains of individuals with taxable income of more than $1 million. Coupled with 3.8% net investment income tax, the plan, if enacted, could increase capital gains taxes on both inbound and outbound U.S.» Read More