Close
Close

Senate tax writers make business and international tax reform recommendations

US Capitol Building[Download the PDF]

The Senate Finance Committee released five reports from its tax reform working groups that offer recommendations for international and business tax reform. The working groups did not reach consensus on specific tax legislation, but their reports offer insight into the direction, timing and likelihood of tax reform.

The five working groups were created by the Senate Finance Committee in January and tasked with evaluating potential legislation in individual income, business income, savings and investment, international tax, and community development and infrastructure. The reports were released on July 8 after two delays and reveal that group members were largely unable to agree on concrete recommendations for the most pressing tax reform issues. Instead, the reports focus primarily on the merits and policy considerations of many existing reform proposals.