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U.S. Congress to Spend Rest of the Year on International Tax Reform while Holding off on Comprehensive Reform

|Proposed Changes|United States
United States

According to recent comments made by House Ways and Means Chair Paul Ryan, Congress will spend the remainder of the year working on international tax reform measures including a possible innovation box and conversion from a worldwide to a dividend exemption system. Ryan also commented that certain tax extenders should be made permanent, such as the research tax credit. As for comprehensive tax reform, Ryan said that major reforms are more likely in 2017, although smaller reforms will be made …

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