Eversheds Sutherland Tax Reform Law Blog
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Senate Finance Committee Chairman Baucus Releases International Business Tax Reform Discussion Draft

Highlights of Discussion Draft On November 19, 2013, Senate Finance Committee Chairman Max Baucus (D-Mont.) released a “Discussion Draft” of international tax reform proposals.  The Discussion Draft proposes significant changes to the taxation of foreign income, including substantially expanding the definition of subpart F income, an immediate 20% tax on certain unrepatriated foreign...

Senate Finance Discussion Draft Topics: Tax Administration; International Taxation; Cost-Recovery Accounting

The Senate Finance Committee discussion drafts on tax reform will cover international tax rules, tax administration, and cost-recovery accounting, according to Tax Analysts.  Details are sparse, but Tax Analysts reports that the international draft will include a “round tripping” rule regarding asset transfers to avoid taxes, a dividends received deduction, a mandatory repatriation...

Senate Finance Committee Actually (Plans to) Meet on Tax Reform

Bloomberg/Business Week reports that the Senate Finance Committee plans to meet this week to work on its first draft for a comprehensive tax code revision.  Committee Chairman Max Baucus (D-Mont.), said that he intends to release the draft within the next two weeks.  Like the discussion drafts released by House Ways and Means Committee Chairman Dave Camp (R-Mich.) earlier this year,...