Tax News & Views - May 16, 2014
Vol. 15, No. 19
Tax Policy Group, Deloitte Tax LLP
- Amendment dispute stalls Senate tax extenders bill – Action on a Senate bill that would retroactively extend the 55 temporary tax deductions, credits, and incentives that expired at the end of last year came to a halt after Republicans, who were locked in a dispute with Majority Leader Harry Reid over whether they would be able to offer amendments, blocked a procedural motion that would have allowed the legislation to move forward.
- Levin offers new details on anti-inversion proposal – Senate Permanent Subcommittee on Investigations Chairman Carl Levin revealed new details about his forthcoming proposal to discourage U.S. corporations from reincorporating overseas in so-called inversion transactions.
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