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Focus on Regulation

Tag Archives: Tax Reform

Border Adjustability Tax in Peril?

The future of the Border Adjustment Tax (BAT) proposal, a critical element of the House Republican tax reform plan, is in doubt after signs of Republican opposition in the Senate emerged last week. Senator David Perdue (R-GA) became the most prominent Republican to overtly criticize the BAT, expressed in a Dear Colleague letter to his

U.S. Tax Reform Update: House Ways and Means Chairman Tax Reform Discussion Draft – Proposals That Impact Colleges and Universities

The building blocks for what could eventually form the base of U.S. tax reform include dramatic proposals that will impact universities and colleges. The 979-page “Tax Reform Act of 2014” discussion draft introduced by House Ways and Means Chairman Dave Camp (R-MI)in March 2014 is a comprehensive reform package that would reduce U.S. corporate and

U.S. Tax Reform Update: House ways and means Chairman Tax Reform discussion draft, Obama budget proposals provide new building blocks for eventual U.S. Tax Reform:

The last two weeks have seen significant developments in building the blocks for what could eventually form the base of U.S. tax reform. Most significant is the 979-page “Tax Reform Act of 2014” discussion draft from House Ways and Means Chairman Dave Camp (R-MI) — a sweeping, comprehensive reform package that would reduce U.S. corporate

U.S. Tax Reform Update: Senate Finance Chairman Baucus issues significant reform proposals related to depreciation and international tax :

Last week saw important developments related to U.S. tax reform, with Senate Finance Committee Chairman Max Baucus issuing tax reform drafts proposing significant changes in several key areas of tax law. These proposals break new ground in the U.S. tax reform effort as they suggest dramatic changes in cost recovery (depreciation) and accounting, as well as

Congressional tax reformers propose far-reaching tax changes for derivatives and other financial products

House Ways and Means Committee Chairman Dave Camp (R-Mich.) has proposed to tax derivatives on an annual mark-to-market basis with ordinary gain or loss treatment. This far-reaching proposal is the centerpiece of a series of tax changes for financial products set forth in a discussion draft released on January 24 as part of Chairman Camp’s

Update on “Fiscal Cliff” Negotiations

Congressional leaders and the White House are currently working to come up with solutions to the fiscal train wreck set to take place at the end of this year.  Democrats and Republicans are looking at options to develop a “grand bargain” — including raising taxes and cutting spending.   If the “grand bargain” fails once again

Congress Takes First Steps Toward Tax Reform

U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already being developed within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The final make-up of this tax reform package — to be

U.S. tax reform: elements of reform already being developed by Congress

U.S. businesses and foreign multinationals with U.S. tax obligations should be on alert that the elements of a major U.S. tax reform legislative package are already in development within the U.S. Congress, the Obama Administration, and in interest groups and think tanks in Washington. The make-up of this tax reform package – to be debated