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Washington Tax Insight July 2020

Politics and Congressional Activity Discussion of the next COVID-19 pandemic relief legislation continues to dominate discussion in Washington despite the fact that many other important issues have yet to be addressed.  Funding for FY21 for the federal government is being addressed in the House and Senate appropriations committees, but time is beginning to run short on the likelihood that Congress will meet the end of September deadline. Police reform legislation […]

July 7, 2020

Will The US Withdrawal From the OECD Project on Digital Services Taxation Lead to a Trade War and a Missed Deadline?

Multilateral tax negotiations, which have been ongoing at the Organization for Economic Cooperation and Development (OECD) with the goal of producing a global agreement on the taxation of multinational corporations, including those that provide digital services, have been impacted by the COVID-19 pandemic.  The 2020 timeline has been modified, but the deadline of producing an agreement continues to be the end of 2020. New actions taken by the US Trade […]

June 22, 2020

Washington Tax Insight June 2020

Politics and Congressional Activity Due to the COVID-19 pandemic, Congress has spent very little time in session for the last several weeks with the House convening for a handful of days in May with new rule changes allowing proxy voting, and the Senate in session for several days but not for its full original schedule.  Although the House passed additional legislation to address the economic impacts of the pandemic, the […]

June 1, 2020