US - The US Treasury Departments General Explanations of the - TopicsExpress

US - The US Treasury Departments General Explanations of the Administration’s Fiscal Year 2015 Revenue Proposals (dubbed the Greenbook) includes proposals to change some of the transfer tax laws that the American Taxpayer Relief Act (ATRA) of 2012 “permanently fixed”. One proposal aims to “make permanent the estate, GST, and gift tax parameters as they applied during 2009 starting from 2018. This translates to an estate and generation-skipping transfer (GST) tax exemption of USD3.5 million and USD1 million for gift taxes, with no indexing for inflation. Read more from Taft Law here: bit.ly/1fLJizh

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