Eversheds Sutherland Tax Reform Law Blog
content top

Irish Companies May Soon Have to Reside Somewhere Rather Than Nowhere

A structuring technique used by multinational corporations to avoid being a resident of any taxing jurisdiction by incorporating in Ireland may be coming to an end.  According to Michael Noonan, the Irish Finance Commissioner, a proposal to end “stateless companies” will be included in the 2014 Irish Finance Bill, which is scheduled for release the week of October 24, 2013. Although...

Bipartisan Budget Talks Break Down Over Revenues…Again

Bipartisan budget talks between the White House and a group of Republican Senators have broken down, at least temporarily, dashing hopes of a “grand bargain” covering the budget, taxes, the sequester, and the debt ceiling. The best shot at near-term tax reform may be a comprehensive deal, but this failed round of talks may damage reform’s prospects. President Obama and his staff had...

Bipartisan Pair of Senators Eye Corporate Tax Reform as Part of Sequester Solution

Senator Carl Levin (D-MI) has announced that he is working with Senator John McCain (R-AZ) on a plan to close corporate tax loopholes as part of a fiscal package aimed at replacing the budget sequester.  Speaking at a conference in Washington, Sen. Levin said that he and Sen. McCain want to prevent the use of offshore tax havens by multinational corporations, a practice that Sen. Levin...