The Camp US tax reform proposal: what’s inside?
By Evan Migdail, Linda Pfatteicher and Bruce Thompson
House Ways and Means Committee chairman Dave Camp (representing Michigan) this week introduced a draft of the most comprehensive reform of the Internal Revenue Code in decades.
The key principles in the draft are: (1) a deep reduction in individual and corporate tax rates; (2) elimination of numerous tax expenditures in exchange for the lower rates (the draft, for example, would eliminate all of the business credits that expired at the end of 2013 except for the credit for research, which would become permanent as described below); (3) establishment of a new competitive international tax system based on a dividend-exemption system and the expansion of subpart F for certain foreign income; and (4) simplification reforms both in the substantive tax area and in tax administration…
Click on the link below to read the rest of the DLA Piper briefing.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
This is an Australian-specific alternative chapter on data protection, which was designed to assist organisations operating in Australia with their new privacy responsibilities.
Health Alert — Lane v Northern NSW Local Health District (No 3); Psychology Board of Australia v Tubara; and more
DLA Piper has released the 28 July 2014 issue of its Health Alert, which focuses on judgments, legislation and reports in the health sector.
Analysis from The Lawyer
Shearman & Sterling is making its presence felt in the City, squaring up to magic circle firms and looking to muscle in on key relationships. Private equity house Bridgepoint is one outfit that has had its head turned by the US firm.
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions