Corporate Taxes, Ways and Means Committee, Business Taxes

House confirms favorable modifications to three key business tax provisions

Eversheds Sutherland (US) LLP on 5/15/2025

On May 12, 2025, the Republicans on the House Committee on Ways and Means released a draft bill showing their tax plan for the budget reconciliation legislation. The legislation will likely undergo significant changes as it...more

Impact of House Ways and Means Tax Proposals for International Operations

Bowditch & Dewey on 10/4/2021

In this final blog post on the House Ways and Means Tax Bill, we address the international tax proposals in the Bill, JCX-43-21. The international tax proposals are fewer in number than the domestic and transfer tax...more

Carried Interest and Other Tax Reform Highlights for Investment Funds and Asset Managers

Akin Gump Strauss Hauer & Feld LLP on 11/8/2017

• Significant corporate and potential individual tax rate reductions and a 25% individual tax rate on certain “qualified business income” would be introduced (although many fund investors and sponsors would not be eligible...more

Chairman Brady Introduces Long-Awaited Bill Including Comprehensive Business Tax Reform Provisions

McDermott Will & Schulte on 11/3/2017

The newly introduced Tax Cuts and Jobs Act is a comprehensive tax reform package that touches virtually every area of the tax law. Though largely consistent with September’s tax reform Framework, new details reveal the...more

Tax Reform Bill To Be Released November 1

Lowndes on 10/30/2017

House Ways and Means Committee Chairman Kevin Brady announced that the House’s tax reform bill will be released next week on November 1. ...more

Proposed Carried Interest Legislation Takes A Different Approach

Troutman Pepper on 3/5/2014

On February 26, 2014, U.S. Rep. David Camp (R-MI), chairman of the House Ways and Means Committee, released a draft of the Tax Reform Act of 2014 (TRA 2014), which would provide for the most significant tax reform since the...more