Jan 15, 2014
From the Global Energy Institute
Over the past year, the House has released several tax reform proposal drafts on a number of issues, including international tax, financial products and pass-through taxation. On the other side of the Capitol, in a flurry of year end activity, the Senate has now released international, tax administration, cost recovery and most recently, energy tax reform drafts.
The cumulative effect of these drafts is to measurably advance the process towards a real and comprehensive tax reform blueprint. Principals Max Baucus in the Senate and Dave Camp in the House have made undeniable progress, bucking what seemed to be a Sisyphean task.
This article was published in the January 2014 issue of The Oil and Gas Monitor and appears here with permission.