Watchdog Says Baucus Tax Reforms Don't Go Far Enough

Law360, New York (January 22, 2014, 3:45 PM EST) -- Tax watchdog Citizens for Tax Justice on Friday slammed international business tax reforms proposed by Sen. Max Baucus, D-Mont., that aim to close corporate tax loopholes, saying the plan won’t raise revenue or make the nation’s tax code more progressive.

In a set of public comments, CTJ took particular issue with a proposal in Baucus’ draft that will tax domestic corporate profits and offshore profits at the same time, but will hit offshore profits with a lower tax rate. CTJ says that while the proposal will...
To view the full article, register now.