Presentation by Proposed Section 168(k) Regulations Team Provides Insight Into Significant Policy Decisions
Posted on Aug 21, 2018 in Presentations, Tax Accounting
On August 21, 2018, the Federal Bar Association hosted at Eversheds Sutherland’s Washington, D.C. office, a panel discussion with the team of IRS and Treasury professionals who drafted the proposed regulations for section 168(k). Kathy Reed and Betsy Binder of the IRS Office of Chief Counsel were joined by Ellen Martin of the Department of the Treasury, as well as Barbara Young, Vice...
Aspects for GOP’s Tax Overhaul Plan Leak
Posted on Sep 25, 2017 in News
The Republican tax reform blueprint, due to be released this week, will propose a corporate tax rate of 20 percent, according to three insiders with knowledge of the plan, speaking on the condition of anonymity. In addition, the plan will call for full-expensing, allowing companies to immediately and fully deduct capital expenses. However, the full expensing benefit will be...
Key Open Topics for Tax Reform
Posted on May 30, 2017 in News
Chairman of the House Ways and Means Committee Kevin Brady and Speaker Paul Ryan concur that the White House and Republican members of Congress are eighty percent in agreement on tax reform legislation. Issues constituting the remaining twenty percent include: 1) the permanence of tax reform, 2) individual and corporate tax rates, 3) the border adjustment tax, 4) full expensing or...
Differing Opinions Over Economic Growth
Posted on May 18, 2017 in News
A study, commissioned by Koch Industries and conducted by Quantria Strategies, concludes that a corporate tax rate cut is more effective than full expensing to achieve economic growth. A recent report issued by the Joint Committee on Taxation (JCX-19-17), however, offers a contrary view, suggesting that slowing cost recovery methods could reduce investment despite a corporate tax rate...