Multinationals take note: Baucus releases US international tax reform proposal

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By Evan M Migdail, Linda E S Pfatteicher and Witold Jurewicz

Senate Finance Committee chairman Max Baucus (D-Montana) has released the first of a coming series of detailed tax-reform proposals, this one on international tax.

Baucus also released proposals on tax administration and simplification. He is set to release further proposals on cost recovery and tax accounting issues in the coming days.

Before the release of the international tax proposal, US Treasury secretary Jack Lew praised it as consistent with the administration’s positions and urged Congress to consider it promptly…

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