Top personal income tax rates increased by 0.3 percent worldwide this year, according to a new report by KPMG International.
The U.S. did not see an increase in rates due to the extension of the Bush tax cuts, the report noted, but with the current tax rates set to expire at the end of the year, the U.S. could potentially see the top U.S. federal tax rate increase from 35 to 39.6 percent in 2013, if the expiration remains on schedule.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access