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Tax News & Views Archive

Deloitte ImageTax News & Views, published by the Deloitte Tax LLP Tax Policy Services group in Washington, D.C., provides a compact, reader-friendly perspective on the latest corporate tax developments coming out of Congress, the Internal Revenue Service (IRS), the Department of the Treasury, and the federal courts.

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August 1, 2014
Short-term highway funding fix heads to the White House

  • Short-term highway funding fix heads to the White House – With the August recess looming, the Senate approved and sent to President Obama a House-passed bill intended to replenish the rapidly dwindling Highway Trust Fund and extend its spending authority into 2015.
  • Corporate insourcing/outsourcing bill stalls in Senate – The Senate failed to advance legislation that would provide a 20 percent tax credit for certain expenses related to relocating an offshore business unit to the United States and deny deductions for certain expenses related to eliminating a business unit located within the United States and relocating it offshore.
  • Camp promises bipartisan offsets for ABLE Act – House Ways and Means Committee Chairman Dave Camp said that he was committed to finding bipartisan offsets to pay for legislation that would create tax-preferred savings accounts that would allow individuals with disabilities and their caregivers to pay for certain qualified disability expenses.
  • Ways and Means panel looks at dynamic score of tax reform – Several economists speaking at a recent House Ways and Means Select Revenue Measures Subcommittee hearing recommended that congressional scorekeepers employ dynamic analysis to help taxwriters judge the best policies to encourage economic growth and defended its use in estimating the effects of the tax reform discussion draft that Ways and Means Committee Chairman Dave Camp unveiled earlier this year.
  • Bill would mandate disclosure of tax treatment of settlements between taxpayers and federal agencies – The Senate Homeland Security and Governmental Affairs Committee approved bipartisan legislation that would, among other provisions, require public disclosure of information regarding the tax treatment of nonconfidential settlement agreements reached between taxpayers and federal agencies that involve more than $1 million in payments.
  • Lawmakers hint at post-recess agenda – As Congress prepared to leave Washington for a five-week district work period, House and Senate leaders offered hints on some of the tax issues that could see floor action when the legislative session resumes on September 8.
  • A note on our publication schedule – Tax News & Views will publish during the upcoming congressional recess (through September 5) as events warrant.

July 25, 2014
Senate taxwriters at odds on how to address inversions

July 18, 2014
Wyden open to near-term inversion bill as Treasury calls for immediate action

July 11, 2014
House and Senate taxwriters draw lines over highway funding fix

June 27, 2014
Wyden proposes short-term highway funding fix but delays Finance Committee mark-up

June 20, 2014
Wyden, Hatch hint at short-term highway funding fix

June 13, 2014
House approves permanent small business expensing, S corp incentives

June 6, 2014
Senate extenders stalemate continues

May 30, 2014
Ways & Means approves permanent bonus depreciation deduction, charitable giving extenders

May 23, 2014
No progress on Senate extenders bill as lawmakers adjourn for Memorial Day

May 16, 2014
Amendment dispute stalls Senate tax extenders bill

May 9, 2014
Permanent research credit clears House

May 2, 2014
Ways & Means approves first tranche of permanent extenders

April 11, 2014
House taxwriters mull future of extenders

April 4, 2014
Finance Committee breathes new life into expired tax provisions

March 28, 2014
Camp, Wyden to tackle extenders legislation in April

March 21, 2014
Finance Committee eyes early April extenders vote, reports say

March 14, 2014
Tax reform should grow the middle class, Wyden says

March 7, 2014 - Special Edition
White House budget proposal takes aim at familiar revenue targets

March 4, 2014 - Special Edition
White House releases FY 2015 budget proposal

February 27, 2014 - Special Edition
Camp tax reform draft achieves 25 percent top rate for corporations, individuals – but revenue tradeoffs abound

February 26, 2014 - Special Edition
Camp releases comprehensive tax reform discussion draft

February 21, 2014
Camp to release comprehensive tax reform proposal next week

February 14, 2014
Camp to release comprehensive tax reform proposal soon, reports say

February 7, 2014
Baucus cleared for takeoff to China; Wyden poised to take over Finance Committee

January 31, 2014
Obama revisits corporate-only tax reform in State of the Union address

January 24, 2014
Wheels set in motion for Baucus’s exit; status of Finance Committee tax reform agenda remains unclear

January 17, 2014
Ways & Means Republicans continue tax reform outreach to lawmakers, public

January 10, 2014
Baucus promises more discussion drafts; Camp aims for tax reform bill this year

December 20, 2013
Baucus’s career change could upend expectations for Finance Committee action on tax reform, extenders

December 18, 2013 - Special Edition
Baucus releases tax reform draft on energy incentives

December 13, 2013
House OKs two-year budget plan with new revenue – but no tax increases

December 6, 2013
Ways & Means tax reform mark-up, congressional action on extenders won’t happen this year, Camp confirms

November 22, 2013
More discussion drafts planned for 2013, Baucus says

November 21, 2013 - Special Edition
Baucus proposes significant changes to cost recovery, tax accounting rules

November 21, 2013 - Special Edition
Baucus releases tax reform discussion draft on cost recovery, tax accounting rules

November 20, 2013 - Special Edition
Baucus releases discussion draft on tax administration

November 19, 2013 - Special Edition
Baucus tax reform discussion draft takes on international tax rules

November 19, 2013 - Special Edition
Baucus releases ‘staff discussion draft’ of international tax reform proposal

November 15, 2013
Baucus, Camp hit potholes in tax reform rollout plans

November 8, 2013
Baucus moving ahead with tax reform discussion drafts; details remain elusive

November 1, 2013
Baucus prepares to release tax reform discussion drafts

October 25, 2013
Lawmakers stake out familiar negotiating positions ahead of House-Senate budget conference

October 18, 2013
No tax provisions in government funding, debt-limit deal

October 11, 2013
Obama, Republicans discuss shutdown, debt ceiling

October 4, 2013
Lawmakers mull options as government shutdown takes effect

September 27, 2013
House GOP tax reform parameters to include 25 percent top rate, Camp says

September 20, 2013
House to include tax reform instructions in debt ceiling bill

September 13, 2013
Fiscal challenges take a front seat as Congress returns to work

September 6, 2013
Camp, Baucus continue tax reform road tour as Congress returns from recess

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