NUMBER OF THE WEEK: 10 percent. Rate of the one-time deemed repatriation tax on U.S. multinationals’ foreign earnings under GOP presidential candidate Donald Trump’s tax plan released Sept. 28. The revenue raised through repatriation would be used toward drastically cutting the corporate tax rate to 15 percent and the top individual rate to 25 percent. Keep reading for more details about the Donald’s plan and how it stacks up to others in the 2016 field.

LEGISLATIVE LANDSCAPE

Speaker Shake-Up: What Boehner’s Departure Means for Tax Policy. House Speaker John Boehner’s surprise announcement last Friday that he would be leaving the speakership (and Congress) at the end of October sparked a mini-mutiny among House Republicans. What does all of this mean for the future of tax policy?

Cadillac Tax Debate Revs Up. Twelve Senate Democrats have joined the latest push to repeal the 40 percent excise tax on high-cost, employer-sponsored health plans…

Ways and Means Reconciliation Bill Tackles ACA Taxes. Repeal of the Cadillac Tax is also on the deck today for the Ways and Means Committee, along with repeal of the medical device tax and the individual and employer mandates…

Talking Tax on the Campaign Trail

Over the past several months, some 2016 presidential hopefuls have offered their vision for tax reform—some more complete than others. Here’s a brief recap of what’s been put out there thus far....

REGULATORY WORLD

Pass-throughs Pay Lower Taxes, Study Claims. Pass-throughs pay less in taxes than traditional C corporations, according to a Sept. 23 joint study by the U.S. Treasury Department and the National Bureau of Economic Research (NBER)…

U.S. Tax Code Not the Least Competitive…But It’s Close. And it’s consistent! The United States Tax Code came in 32nd out of the 34 OECD countries…

Public Hearing on MLPs Proposed Rules Scheduled For October 27. What’s next for master limited partnerships? Certain incomes from processing have come under IRS scrutiny…

BEPS Final Package to be Released Next Week. The OECD’s final package on its Base Erosion and Profit Shifting (BEPS) Project comes out on October 5, and it will be presented to the G20 Finance Ministers on October 8…

EU FTT Proposed to Affect Only Financial Companies. The European Financial Transaction Tax (FTT) continues to pick up steam heading into 2016…

LOOKING AHEAD

Relevant Congressional Activity

Other Activity