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Tax News & Views - March 28, 2014

Vol. 15, No. 14


Tax News & ViewsAuthor
Tax Policy Group, Deloitte Tax LLP

  • Camp, Wyden to tackle extenders legislation in April – House Ways and Means Committee Chairman Dave Camp announced that he will take incremental steps toward a tax code overhaul by holding hearings and mark-ups starting in April to determine which of the so-called “tax extenders” provisions should be made permanent; meanwhile, Senate Finance Committee Chairman Ron Wyden confirmed that he intends to mark up an extenders bill of his own in early April that likely would renew expired provisions for only two years.
  • International Tax Alert: OECD releases BEPS draft on the digital economy – An international tax alert from Deloitte Tax LLP summarizes the OECD’s just-released public discussion draft on Action 1 of its Action Plan on Base Erosion and Profit Shifting (BEPS).
  • Murray dips into Camp’s revenue well for EITC expansion – Senate Budget Committee Chairman Patty Murray introduced legislation that borrows two provisions from Ways and Means Committee Chair Dave Camp’s tax reform discussion draft to pay for an expansion of Earned Income Tax Credit benefits for two-income families and childless workers.

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