House of Representatives Passes the Tax Cuts and Jobs Act (H.R. 1); Senate Finance Committee Approves Modified Version; Comparison of the Bill Passed by the House and the Modified Senate Bill

By David S. Miller, Richard M. Corn, Martin T. Hamilton, Kathleen R Semanski & Steven Einhorn

November 17, 2017

Yesterday afternoon, the House of Representatives passed the Tax Cuts and Jobs Act (H.R. 1) (the “House bill”). The House bill is identical to the draft bill approved by the House Ways and Means Committee on November 10. Late last night the Senate Finance Committee approved its own conceptual version of the Tax Cuts and Jobs Act. An initial, descriptive version of the Senate Finance Committee bill (for which actual statutory text is still forthcoming)…

Not For Profit/Exempt Organizations Blog

New Rules for Tax-Exempt Organizations in the Tax Cuts and Jobs Act

By Steven Einhorn, David Miller, Elizabeth M. Mills & Kathleen R Semanski

November 6, 2017

House Republican Tax Bill Imposes Excise Tax on Wealthy Private Universities and Excess Compensation of Highly Paid Employees; Subjects State Pension Plans to UBTI Rules On Thursday, November 2, House Republicans led by Speaker Paul Brady (R-WI) and Chairman of the House Ways & Means Committee Kevin Brady (R-TX), released the first public draft of the much-anticipated Tax Cuts and Jobs Act (the “bill”). (Our full coverage of the bill can be found here.)…

Tax Talks

BEPS Update: OECD Multilateral Instrument Signed

By Martin T. Hamilton, Stephen Pevsner & Kathleen R Semanski

June 12, 2017

On June 7, 2017, ministers and high-level officials of 68 jurisdictions convened to formally sign the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS), originally published on November 24, 2016 (the “Multilateral Instrument,” or “MLI”). The Multilateral Instrument is the product of ongoing efforts by the Organisation for Economic Co-operation and Development (“OECD”) to prevent perceived abuse by certain taxpayers and improve coordination between taxing authorities, including…

Tax Talks

BEPS: OECD Releases Multilateral Tax Treaty Convention

By Robert E. Gaut, Martin T. Hamilton, Stuart Rosow & Kathleen R Semanski

December 6, 2016

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Convention”) was released by the Organisation for Economic Co-operation and Development (“OECD”) on November 24, 2016. The Convention is the latest in an ongoing series of releases related to the OECD/G20 Project addressing Base Erosion and Profit Shifting (the “BEPS Project”), which is a major and continuing effort described as “aiming to realign taxation with economic substance and…

Kathleen R Semanski

House of Representatives Passes the Tax Cuts and Jobs Act (H.R. 1); Senate Finance Committee Approves Modified Version; Comparison of the Bill Passed by the House and the Modified Senate Bill

New Rules for Tax-Exempt Organizations in the Tax Cuts and Jobs Act

BEPS Update: OECD Multilateral Instrument Signed

BEPS: OECD Releases Multilateral Tax Treaty Convention

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