Daily Tax Update - January 24, 2017: Ways and Means Holds Hearing on Individual Mandate

Ways and Means Holds Hearing on Individual Mandate:  The House Ways and Means Committee held a hearing on “Examining the Effectiveness of the Individual Mandate under the Affordable Care Act.” 

Testimony critical of the individual mandate was provided by:

  • Thomas P. Miller
    Resident Fellow, American Enterprise Institute
    Testimony
  • John R. Graham
    Senior Fellow, National Center for Policy Analysis
    Testimony

Testimony in support of the individual mandate was provided by:

  • Dr. John E. McDonough
    Professor of Practice, Harvard TH Chan School of Public Health
    Testimony

OECD Seeks Comments for Developing Country Transfer Pricing Toolkit:  The Organization for Economic Cooperation and Development (OECD) announced that the Platform for Collaboration on Tax – a joint initiative of the International Monetary Fund, OECD, United Nations and World Bank Group – is seeking public comment on a draft toolkit that the Platform developed.  The toolkit is intended to address the ways developing countries can overcome a lack of data on comparables for transfer pricing analyses.  Comments should be submitted by February 21.