Tax Blog

Can the Swiss parliament save the UBS tax-reporting deal? (via WSJ)

Senators again reach for the holy grail of tax reform: simplification.  Subpart F, though, appears to be on the chopping block once again: "The legislation eliminates incentives for companies to export jobs and keep their foreign earnings overseas by repealing the rule that allows U.S. companies to defer taxes on their foreign income."

- Jonathan Prokup