Worldwide tax summaries 2011/12

Implications to individuals on US Tax Relief, Unemployment Insurance Reauthorisation, and Job Creation Act of 2010 

Jan 2011

On 17 December 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorisation, and Job Creation Act of 2010 (H.R. 4853).  The bill extends many existing tax provisions, and includes significant relief to individuals, estates, and trusts including extension of the 2001 and 2003 individual tax rates, alternative minimum tax relief, and provisions related to estate, gift, and generation skipping transfer taxes.
   
   
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