Overview
Joint Committee on Taxation Releases Overview of the Tax Treatment of Corporate Debt and Equity: The Joint Committee on Taxation released its Overview of the Tax Treatment of Corporate Debt and Equity in advance of the Senate Finance Committee’s May 24 public hearing, titled “Debt and Equity: Corporate Integration Considerations.” The document presents an overview of the Tax Code’s treatment of debt and equity, both for issuers and holders, data regarding nonfinancial business sector debt and equity, and tax incentives created by the present-law tax treatment of debt and equity.
RECENT PUBLICATION
The Politics of Tax Returns: From the Panama Papers to the 2016 Election: For many politicians and others in government, the belief appears to have emerged that when any questions arise about their personal financial integrity, the all-purpose cure is for them to release their tax returns—and such publication will put to rest questions of impropriety. This article discusses recent tax-return disclosures in connection with the "Panama Papers" scandal and the presidential election. To read more, click here.