Taxes
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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On February 1, the U.S. Chamber submitted the following comments to the Treasury Department and the IRS on REG-105600-18, guidance related to the foreign tax credit, including guidance implementing changes made by the Tax Cuts and Jobs Act, as published in the Federal Register on December 7, 2018.
The bottom line is, the government’s partial shutdown is putting an unwelcome damper on the economy.
Any measures should be adopted only after constructive dialogue among countries about modernizing the international taxation system.
On December 12, the U.S. Chamber submitted the following comments to the Treasury Department and the IRS on REG-115420-18: Investing in qualified opportunity funds, as published in the Internal Revenue Bulletin on October 29, 2018.
On November 20, the U.S. Chamber submitted the following comments to the Treasury Department and the IRS on REG-104390-18, guidance related to section 951A, as published in the Internal Revenue Bulletin on October 10, 2018.
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.
