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ARTICLE · 02 OCTOBER 2014

Tax Policy Update - 23 September 2014

McGuireWoods LLP
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427 is the number of news hits retrieved in a Google search of the phrase "our broken tax code," in the wake of the Treasury Department’s announcement.

United StatesTax
Russell Sullivan
Russell Sullivan
Danielle Dellerson
Danielle Dellerson

NUMBER OF THE WEEK: 427

The number of news hits retrieved in a Google search of the phrase "our broken tax code," in the wake of the Treasury Department's announcement yesterday of new rules to deter U.S. companies from reincorporating in lower-tax countries. Read more on the inversion drama in the Regulatory World section.

LEGISLATIVE LANDSCAPE

Recess Recap. Before leaving D.C. for the campaign trail, the House and Senate passed a short-term extension of the moratorium on state and local taxes for accessing the Internet. The moratorium will now expire Dec. 11, along with the expiration of the stop-gap funding bill that will keep the government's lights on beyond the current fiscal year, which ends Sept. 30.

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