House Ways and Means Committee Approves Bill to Retroactively Suspend Employer Mandate: Today, the House Ways and Means Committee voted to approve H.R. 4616, which would retroactively suspend the penalty on employers who failed to offer health insurance to their employees for calendar years 2015 through 2018. The bill would also further delay implementation of the Cadillac tax, the excise tax on high cost employer-sponsored health coverage, to 2023.
EU Commission Releases Working Document on VAT Directive: Today, as part of the European Commission’s Action Plan on VAT to adopt a single VAT area in the EU, the Commission released a working document that includes all adopted amendments on the definitive VAT system proposal.
UK Government Releases Policy Proposal on Brexit: Today, the UK Government released a detailed policy proposal on its plan for its relationship with the EU after Brexit. This proposal includes the establishment of a free trade area, cooperative arrangements on competition, a common rulebook for state aid, and mutual recognition of professional qualifications between the EU and UK, among other items.