The Ways and Means Committee's international tax reform discussion draft

A territorial tax system for the United States

Sean Hailey, House Ways and Means Committee tax staff, joins a panel of Ernst & Young LLP professionals to discuss the international tax reform proposals

Building on the hearings that have been held by the House Ways and Means Committee on comprehensive tax reform, Chairman Dave Camp (R-MI) has released a proposal that would reduce the US corporate tax rate to 25% and move the United States to a territorial tax regime. The proposal includes full statutory language and a detailed technical explanation and was released as a discussion draft to help advance the debate on this important subject. As with any major reform, the devil is in the details, and the details included in the Committee’s proposal will allow stakeholders to consider and comment on all of the economic, policy and technical implications of the proposed international tax reforms.

Please join us on Wednesday, November 9 at 4:00 p.m. EST (1:00 p.m. PST) for a 60-minute webcast during which Sean Hailey, Tax Advisor to the House Ways and Means Committee, joins our panel of Ernst & Young LLP tax professionals including Michael Mundaca, former Assistant Secretary for Tax Policy, Department of the Treasury. Barbara Angus of Ernst & Young LLP will moderate a discussion of the elements of the proposed territorial tax system and the key considerations for companies as they assess the implications of these reforms for their businesses.