Prepare a research presentation on the Tax Legislation Process using these resources: https://csuglobal.libguides.com/ACT406Links to an external site. and the future of tax using Artificial intelligence. Provide an analysis of how a piece of tax legislation becomes a tax law, based on the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021. Choose the six most important changes (select three for businesses and three for individuals) between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021. Your research should: Explain the various components and levels of government involved in the process. Discuss the reasons for your choice of six key changes between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021 for businesses (3) and for individuals (3). (Note: Anti-Abuse Tax (BEAT), Global Intangible low-tax income (GILTI), and foreign-derived intangible income (FDII) regimes introduced by the TCJA of 2017 as well as several other measures, including an increase in the domestic corporate tax rate to 28%.) Present the two distinct ways the Made in America tax plan would address corporate tax avoidance and evasion. Using this site: Pairing Tax with Artificial IntelligenceLinks to an external site., share one point on the Future of AI in Tax and an example of how AI will be used.

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter18: Comparative Forms Of Doing Business
Section: Chapter Questions
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Prepare a research presentation on the Tax Legislation Process using these resources: https://csuglobal.libguides.com/ACT406Links to an external site. and the future of tax using Artificial intelligence.

Provide an analysis of how a piece of tax legislation becomes a tax law, based on the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021.

Choose the six most important changes (select three for businesses and three for individuals) between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021.

Your research should:

  • Explain the various components and levels of government involved in the process.

  • Discuss the reasons for your choice of six key changes between the Tax Reform Act of 1986, the Tax Cuts and Jobs Act of 2017 (TCJA), and the Made in America Tax Plan of 2021 for businesses (3) and for individuals (3). (Note: Anti-Abuse Tax (BEAT), Global Intangible low-tax income (GILTI), and foreign-derived intangible income (FDII) regimes introduced by the TCJA of 2017 as well as several other measures, including an increase in the domestic corporate tax rate to 28%.)

  • Present the two distinct ways the Made in America tax plan would address corporate tax avoidance and evasion.

  • Using this site: Pairing Tax with Artificial IntelligenceLinks to an external site., share one point on the Future of AI in Tax and an example of how AI will be used.

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