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Tax News & Views - May 24, 2013

Vol. 14, No. 23


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Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • Finance Committee tax reform options paper addresses economic security issues – The Senate Finance Committee released a tax reform options paper outlining policy choices available to lawmakers to address the tax treatment of health care benefits, retirement savings, life insurance, employee fringe benefits, and executive compensation.
  • Senate Budget Committee hearing examines central tension in tax reform – The issue of whether an overhaul of the tax code should raise revenue or maintain revenue neutrality dominated the discussion during a Senate Budget Committee hearing to investigate how tax reform can support broad-based economic growth and fiscal responsibility.
  • Senate subcommittee hearing examines tax implications of offshore profit shifting – The Senate Committee on Homeland Security and Governmental Affairs’ Permanent Subcommittee on Investigations held a marathon session to examine “structures and methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code and related regulations.”

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