Tax Policy Update

October 6, 2015

Pardon Our Dust

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The number of “Action Items” detailed in the OECD’s report released yesterday to combat base erosion and profit shifting strategies among multinationalcorporations. The recommendations have drawncriticism from some GOP lawmakers who considerthe project to be an overreach, as well as from those who believethe recommendations do not go far enough to effectivelyprevent “corporate tax dodging.”


Highway Funding Takes Another Detour. International tax is off the table for highways. Can Congress strike a deal before the end of the month or will they kick the can down the road?… And who’sgetting sick of the highway puns?


OECD Finalizes BEPS Recommendations, But Future Remains Uncertain. What’s next for the global tax crackdown?

EU Finance Ministers Agree to Share Tax Rulings to Combat Corporate Tax “Deals.” In another show of the intense political climate in Europe surrounding corporate taxation, the EU Finance Ministers agreed today….

Comments Requested on Defining Energy Property.The IRS and Treasury requested comments to define “energy property” for purposes of Section 48 of the tax code….

Exclusive List Envisioned for Master Limited Partnership Status.An exclusive list would allow taxpayers to clearly identify which activities would qualify….

Contingent Swaps Not Subject to the Embedded Loan Rule. The purpose of the rule was to provide some certainty to the industry regarding swaps. Is it working?


Relevant Congressional Activity

Wednesday, 10/7

House Ways and Means Committee

Thursday, 10/8

G20 Finance Ministers Meeting

12th Annual Global Corporate Actions Forum – Chicago

Friday, 10/9

Cato Institute

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