Legislative Activity Tax-Writers Begin to Focus on BEPS, Tax Extenders Still Remain Though international tax reform negotiations may have fallen apart for 2015, tax-writers this week will hold their first hearings to address efforts by the Organisation for Economic Co-operation and Development (OECD) to counter corporate tax avoidance as part of more than two years … Continue Reading
Legislative Activity Republicans Focus on Small Businesses, Democrats Target Tax “Loopholes” Following a busy week for tax-writers – which included several hearings on “Tax Day” to address tax reform and the potential impact on small businesses – there is growing discussion about the possibility of pursuing business-only tax reform. To that end, Senate Finance Committee … Continue Reading
Legislative Activity Hatch, Ryan Announce Priorities for Tax Writing Committees Last week, Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways and Means Committee Chairman Paul Ryan (R-WI) announced their committees’ priorities for the 114th Congress. With respect to tax reform, Chairman Hatch indicated that any overhaul of the tax Code must make it … Continue Reading
Legislative Activity Lawmakers to Focus on Tax Extenders As Congress returns to Washington, tax extenders legislation remains on the relatively short list of “must pass” items in the lame duck session. While the House and Senate have thus far taken different approaches on extenders, it is likely that lawmakers will finalize a proposal before adjourning … Continue Reading
Legislative Activity Lawmakers Consider Energy Tax Reform On Wednesday, September 17, the Senate Finance Committee held a hearing titled “Reforming America’s Outdated Energy Tax Code.” During the hearing, discussion centered on how to best address certain energy-related provisions within the U.S. Tax Code. Lawmakers discussed taking a technology neutral, “performance-based” approach, rather than considering the … Continue Reading
Legislative Activity Lawmakers to Focus on Certain Elements of Tax Reform This week, lawmakers are set to focus on various aspects of tax reform. On the Senate side, the Finance Committee will hold a hearing on reforming the retirement savings system, as well as a hearing on reforming energy tax incentives. In the House, Members … Continue Reading
