Senate Finance Committee Hearing Scheduled for Muzinich and Desmond Nominations: Senate Finance Committee Chairman Orrin Hatch (R-UT) will convene a hearing on Thursday, July 26, to consider the nominations of Justin Muzinich to be Deputy Secretary of the Treasury, and Michael Desmond to be Chief Counsel for the Internal Revenue Service and Assistant General Counsel in the Department of the Treasury.

OECD Releases Working Paper on Corporate Effective Tax Rates: The Organisation for Economic Co-operation and Development (OECD) has released a working paper that presents the new OECD model for the calculation of forward-looking effective tax rates and provides first empirical results based on an OECD survey, conducted in 2016, collecting comparable cross-country information on corporate tax provisions from 36 OECD and Selected Partner Economies.