Ways and Means Committee Begins Markup of Tax Reform Bill: Today, House Ways and Means Committee members began marking up the Tax Cuts and Jobs Act (H.R. 1). According to a press release, the markup “will continue throughout the week as necessary.”
The Joint Committee on Taxation’s description of the bill can be accessed here.
OECD Publishes Updated Transfer Pricing Country Profiles: Today, the Organization for Economic Cooperation and Development (OECD) published updated versions of the transfer pricing country profiles (TPCP). According to a press release, the “information contained in the TPCP is intended to clearly reflect the current state of countries’ [transfer pricing] legislation and to indicate to what extent their rules follow the OECD Transfer Pricing Guidelines.”