Eversheds Sutherland Tax Reform Law Blog
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House Ways and Means Committee Plans to Permit Interest Deductions for Small Businesses

Rep. Peter Roskam, the Chairman of the Subcommittee on Tax Policy for the House Ways and Means Committee, has commented that they are “actively working” to exempt small businesses from the provision contemplated by the House Republican Blueprint that would deny deductions for net interest expense.  The Chairman noted that they are sensitive to those who have no access to capital except...

Rep. Brady Proposes 5-Year Phase-in for Border Adjustment Tax

Chairman of the House Ways & Means Committee, Rep. Kevin Brady, proposed a five-year transition to switch to a border-adjusted regime. Companies would be able to deduct most of their imported costs initially with a slow phase out of the deductions. The phase-in would be applied equally to the treatment of exports, which would gradually become fully exempt. Read more here:  Brady...