Tax News & Views - May 24, 2013
Vol. 14, No. 23
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.”
See attached file for details.
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