Family Office Fridays: Impact of Treasury’s Green Book Proposals on Individuals and Family Offices

Treasury released its “Green Book” on May 28, 2021, providing detailed explanations of the Biden Administration’s revenue proposals related to the Made in America Tax Plan and the American Families Plan. With Congress gearing up for the potential for major tax and infrastructure legislation later this year, the Green Book comments are likely to be central to such discussions. Please join KPMG LLP (KPMG) for a webcast with professionals from our Washington National Tax office that will unpack the key individual income tax aspects of the Green Book proposals. Topics include a discussion on the following proposals:

• Increase in top marginal rate and increase in taxation of capital income
• Realization events for transfers of appreciated property by gift or on death
• Carried interest taxation as ordinary income
• Significant limitation on deferral of gain from real property like-kind exchanges
• Changes to net investment income and self-employment taxes
• Permanent application of the excess business loss limitation

Please join us for what promises to be an insightful and informative webcast.