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Tax News & Views

Tax News & Views, published by the Deloitte Tax LLP Tax Policy Group in Washington, DC, provides a compact, reader-friendly perspective on the latest tax developments coming out of Congress affecting businesses and high-wealth individuals.

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July 31, 2015

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July 31, 2015

Boustany-Neal ‘innovation box’ proposal sets up fall debate on international tax reform: House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., released a discussion draft proposal for a US innovation box that would provide corporations a deduction for certain income from patents and a broad range of other intellectual property – and could be a significant component of a broader international tax reform plan that House Republican taxwriters hope to advance this fall to help pay for a long-term highway spending bill.

Congress clears three-month Highway Trust Fund patch: After a lengthy public disagreement between House and Senate Republicans on the basic contours of legislation designed to address the cash-strapped federal Highway Trust Fund, lawmakers voted to extend the trust fund’s spending authority – which had been set to lapse after July 31 – for just three months, through October 29, and to pay for the extension with a mix of tax compliance offsets and other provisions.

Archive

July 29, 2015 - Special Edition
Boustany, Neal release ‘innovation box’ discussion draft for public comment

July 24, 2015
Senate reaches for long-term Highway Trust Fund bill as House stands by five-month patch

July 17, 2015
House OKs short-term highway patch with tax compliance offsets; Senate leaders mull multi-year package

July 10, 2015
Finance Committee tax reform working groups show their work

June 26, 2015
Consensus on long-term funding source for highways remains elusive

June 19, 2015
No consensus on highway funding sources at Ways and Means, Finance hearings

June 12, 2015
McConnell rules out comprehensive reform this year as lawmakers float international-only proposals

June 5, 2015
Hatch eyes end-of-June deadline for tax reform working groups

May 22, 2015
House OKs permanent research credit; Obama administration threatens veto

May 15, 2015
Some new details, but little clarity, on prospects for tax reform working groups, offsets for highway funding

May 8, 2015
Senate approves budget conference report

May 1, 2015
Budget conference report passes House

April 24, 2015
Budget conference committee holds public meeting; deal reportedly near

April 17, 2015
Estate tax repeal, permanent state and local sales tax deduction clear House

March 27, 2015
House and Senate clear 10-year budget plans, conference committee to follow

March 20, 2015
Finance hearing delves into international reform options

March 13, 2015
Senate taxwriters explore options to simplify the tax code through reform

March 6, 2015
Senate taxwriters look at tax reform and fairness

February 27, 2015
Finance hearing focuses on boosting economic growth through tax reform

February 13, 2015
House continues push for permanent extenders

February 6, 2015
FY 2016 budget blueprint reflects president’s call for business tax reform, infrastructure spending, middle-class tax relief

February 2, 2015 - Special Edition
White House releases FY 2016 budget proposal

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