Eversheds Sutherland Tax Reform Law Blog
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Baucus Releases Discussion Draft on Cost Recovery and Accounting Tax Reform

Senator Max Baucus (D-Mont.) released a new tax reform discussion draft on cost recovery and accounting rules, with the stated goal of a simpler, fairer system that promotes tax neutrality.  The draft proposals address the rules governing depreciation of tangible and intangible assets, as well as certain tax accounting rules and rules affecting small businesses.  Significant proposals...

Mixed Reaction to Baucus International Discussion Draft

Following the release of Senator Max Baucus’s (D-Mont.) discussion draft on international tax reform, reaction from members of Congress and the business community is mixed.  Sen. Baucus’s counterpart in the House, Representative Dave Camp (R-Mich.), quickly praised Baucus for “his continued commitment to advancing tax reform forward,” but did not comment on the substance of Baucus’s...

Baucus Releases International Tax Draft

Senator Max Baucus (D-Mont.) has released his international tax reform discussion draft.  Links to the materials are below. A one-pager on the discussion draft A longer summary of the discussion draft The “common” section of the discussion draft Option Y of the discussion draft Option Z of the discussion draft Technical explanation of the discussion draft by the Joint...