World Perspectives

House Votes to Repeal Estate Tax

Farm groups are urging the Senate to also address an estate tax repeal, and Senator John Thune (R-South Dakota) has introduced a companion bill to the House version.The U.S. House of Representatives passed a bill 17 April (240-172) to rescind the federal estate tax. The Joint Committee on Taxation estimates the repeal will cost the federal government $269 billion over the next 10 years. As we reported earlier in the year, the Obama administration proposed raising the estate tax rate to its 2009 levels as part of the president's budget submission to Congress. This would undo the provision passed in 2012 to make the estate tax rate permanent. The 2009 levels included a $3.5 million exemption and a tax rate of 45 percent for transfers above th...

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From WPI Consulting

Infrastructure investment due diligence

On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.

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