Taxes
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America has the most innovative, dynamic, and resilient economy in history—our tax system should strengthen our economy, not undermine it. The U.S. Chamber promotes a tax system that allows taxpayers and business owners to make smart decisions about how they work, save, and invest. Low tax rates and a stable tax code allow businesses to grow the economy, create jobs for Americans, and invest for the future while supporting communities and society at large through tax revenues.
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Maintaining and improving pro-growth tax policy next year, when the largest automatic tax increase in history is set to occur, will ensure the U.S. is globally competitive, retaining and attracting businesses, jobs, investment, and innovation here at home.
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The U.S. Chamber works with our partners in government and fights for tax policies that will help American businesses succeed at home, compete abroad, and attract global businesses to our shores.
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Latest Content
If U.S. tax reform doesn’t make U.S. companies and businesses more competitive, why does Canada feel it has to respond?
The proposed digital services tax on gross receipts associated with the tech industry is a discriminatory sales tax.
The U.S. Chamber submitted comments on IRS notice 2018-68: Guidance on the Application of Section 162(m)
U.S. Chamber of Commerce President and CEO Thomas J. Donohue today sent a letter to Treasury Secretary Steven Mnuchin on the potential for a European Digital Services Tax (DST). Read the letter below: October 29, 2018
While tax reform put wind at small business owners’ backs, there’s still more work to be done.
70% of small business owners are optimistic about the economy.
Current Guidance is Counter to Clear Statutory Language and Congressional Intent of Tax Reform
On October 9, the U.S. Chamber and S Corporation Association submitted the following coalition letter regarding tax overpayments and §965(h) to Commissioner Rettig, Secretary Mnuchin, and Assistant Secretary Kautter.
On October 3, the U.S. Chamber submitted the following comments to the Treasury Department and the IRS on REG-104226-18, proposed rules relating to §965 transition tax as published in the Federal Register on August 9, 2018.
On October 2, the U.S. Chamber submitted the following letter to the Treasury Department and the IRS on REG-104397-18, proposed rules relating to §168(k) additional first-year depreciation deduction as published in the Federal Register on August 8, 2018.