Senate Democrats’ international tax framework contemplates partial relief from several Tax Cuts and Jobs Act taxpayer-unfavorable provisions, but without details, it’s unclear how much those changes will lessen the sting of tougher proposals.

“There’s a silver lining, but how much of a silver lining...is really hard to quantify because you don’t know what’s behind the curtain,” Kevin M. Jacobs of Alvarez & Marsal said.

In this Tax Notes article, A&M’s Kevin M. Jacobs and Ken Brewer share their perspectives on the Senate Democrats’ international tax framework and how the plan compares with the proposed changes envisioned by the Biden administration.

Click here to read the full article.