Senate Finance Committee Chairman Max Baucus has released a detailed proposal for international corporate tax reform. The main components of the draft are as follows. Introduces deemed repatriation: The international discussion draft proposes to tax all previously untaxed foreign income, i.e. Show More Summary
Theres been discussion in Congress recently about how the tax code can be better used to encourage college attendance among low-income students. One proposal being considered by the Senate Finance Committee is to make higher education...Show More Summary
The Senate Finance Committee appears to be moving forward with a proposal that would require wealthy colleges and universities to spend a minimum percentage of their endowments each year a move which we at Higher Ed Watch strongly support. Show More Summary
Summary: Looks like the situation is coming to a head. On November 21st, the Association of National Advertisers (ANA) posted a press release that announced that the Senate Finance Committee released a draft tax reform bill that includes...Show More Summary
The leaders of the Senate Finance Committee are considering an intriguing proposal that is certain to infuriate higher-education leaders but could be beneficial for low-income students: requiring some colleges and universities to spend...Show More Summary
Quietly amid the hue and cry over the latest student loan corruption scandal, the Senate Finance Committee is scrutinizing a much more esoteric topic in higher education finance: college investments in hedge funds. It's an issue that for years has been buried -- the educational equivalent of a roadside IED (improvised explosive device). Show More Summary
Sen. Max Baucus, chairman of the Senate Finance Committee, has been swamping us with his thoughts on how to overhaul our tax system. He started with his thoughts on how to improve the corporate tax system, specifically as it relates to taxes on the international earnings of multinational companies. Show More Summary
On Thursday, Senator Max Baucus (D-MT), Chairman of the U.S. Senate Finance Committee, released his discussion draft of tax reform legislation. The draft is particularly controversial and of concern to the mobile ad community. According to a statement provided to MMW by the Association of National Advertisers, the proposed legislation includes a provision that will, […]
Senator Max Baucus, chairman of the Senate Finance Committee, released three separate drafts of tax reform proposals this week. On November 19, Baucus released proposals for reforming how businesses are taxed on their international operations.... Read Full Post
Senate Finance Committee, Press Release: Baucus Works to Overhaul Outdated Tax Code Senate Finance Committee, Cost Recovery and Accounting Tax Reform Discussion Draft (1 page) Senate Finance Committee, Summary of Staff Discussion Draft: Cost Recovery and Accounting (12 pages) Joint Committee on Taxation, Technical Explanation of the Senate Committee on...
Sen. Max Baucus, chairman of the Senate finance committee, has proposed to wipe out decades' worth of depreciation rules and replace them with a slower system of write-offs that would help pay for a significant cut in the U.S. corporate tax rate.
Senate Finance Committee, Press Release: Baucus Unveils Proposal to Combat Tax Fraud, Make Filing Safer, Simpler and More Efficient Senate Finance Committee, Summary of Staff Discussion Draft: Tax Administration (9 page) Senate Finance Committee, Tax Administration Discussion Draft (1 page) Statutory Language (64 pages) Joint Committee on Taxation, Technical Explanation...
Senate Finance Committee, Press Release: Baucus Unveils Proposals for International Tax Reform Senate Finance Committee, International Business Tax Reform Discussion Draft (1 page) Senate Finance Committee, Summary of Staff Discussion...Show More Summary
Senate Finance Committee Chairman Max Baucus released a draft proposal yesterday for reforming the U.S. corporate tax code. In it, he proposed lowering the current corporate rate from 35% to less than 30% (he didn't specify an exact rate). In a perfect world, we would eliminate the corporate income tax altogether. Show More Summary
Senate Finance Committee Chairman Max Baucus (D-MT) has been working diligently in recent months in anticipation of an overhaul of the U.S. tax code. In recent weeks though, momentum for tax reform has slowed considerably with Republican leadership asking Baucus's counterpart in the House, Dave Camp (R-MI), to put his legislation on hold. Show More Summary
In an effort to jumpstart moribund tax reform efforts, Senate Finance Committee Chairman Max Baucus (D-MT) is suggesting major changes in the way U.S.-based multinational corporations are taxed on their overseas income. The plan is quite specific (even including legislative language and a 90-page technical summary) but it is not a formal proposal and leaves many […]
The Wall Street journal reports that Senate Finance Committee Chairman Max Baucus (D-MT) plans to release a draft proposal on tax reform, possibly as soon as today. It is thought that his draft will focus on corporate tax reform, specifically the international treatment of United States based companies. Currently, U.S. Show More Summary
WASHINGTON (Reuters) - The leaders of the Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac, given the shrinking timeline and the...
Japan growth cut in half, Europe growth cut by more than half, but none of that matters: today it will be all about the coronation of QEeen Yellen, who testifies before the Senate Banking Committee at 10am. Not even Japanese financeShow More Summary