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Save the date
Save the dateJune 25, 20212 PM - 3 PM (GMT+8)
Organizer
Organizer
Organizer: , PwC China
Contact Person: Melody Song
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*This event will be conducted in English*


President Joe Biden on April 28 called on Congress to enact both the newly released $1.8 trillion "American Families Plan," to be paid for by tax increases on higher-income individuals, and his previously released $2.3 trillion "American Jobs Plan," to be paid for by increasing the US corporate tax rate to 28% and changing international tax rules. According to a White House summary, the American Families Plan includes "$1 trillion in investments and $800 billion in tax cuts for American families and workers."


Key Biden individual tax proposals affecting high-income individuals include:


  • increasing the top individual income tax rate from 37% to 39.6%,
  • taxing investment income at the same rate as ordinary income for individuals with income above $1 million,
  • limiting the ability of individuals to use the current 'step-up in basis' at death rule,
  • broadening application of the 3.8% net investment tax,
  • ending the "carried interest loophole,"
  • extending permanently the current limitation on certain excess business losses, and
  • eliminating like-kind exchange tax treatment for real estate gains greater than $500,000.


President Biden's plan also calls for a significant increase in IRS tax enforcement efforts "to make the wealthy pay what they owe."


If you are interested in the above, please join us for this webinar.


The registration will be closed on June 23rd, 2021 (Wednesday) at 5pm. Registration in advance is required and a joining link and passcode will be provided for successful registrants to access the seminar on June 24th, 2021 (Thursday) at 5pm.

Agenda
Agenda
  • 2 PM - 2:10 PM

    Opening Remarks

    Opening Remarks

    2:10 PM - 2:50 PM

    Content Sharing

    Content Sharing

    2:50 PM - 3 PM

    Q&A Session

    Q&A Session

Speakers
Speakers
  • Tiffany Kang (Tax Manager at PwC International Assignment Services (Shanghai) Ltd. Beijing Branch)

    Tiffany Kang

    Tax Manager at PwC International Assignment Services (Shanghai) Ltd. Beijing Branch

Tickets
Tickets

AmCham Cardholder

RMB 90

Employee of Member Company

RMB 120

Non-Member

RMB 200
Sponsors and Partners
Sponsors and Partners