ABA Tax Section Urges Congress To Simplify Int'l Tax Rules

Law360, New York (December 4, 2013, 6:36 PM EST) -- The American Bar Association's taxation section urged the House Ways and Means Committee on Tuesday to simplify international provisions of the U.S. Tax Code, citing hefty compliance burdens.

In particular, the ABA tax section pushed representatives to simplify reporting of foreign bank account information, to address issues relating to expatriate taxation, and to reform U.S. tax rules that apply to withholdings from non-U.S. persons.

“Over the years ... various provisions have been added to the code to promote compliance with federal tax law, including through information...
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