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NOTABLE QUOTE
| "Tax
extenders expired at the end of last year. This is something
Congress needs to deal with. We just set a model in the budget
agreement of paying for the increases in spending. I think it would
be hypocritical if Congress went ahead and passed a two-year tax
extender bill without paying for it, without doing anything for the
middle class and for working families and it's something this
administration would oppose if we see that coming
forward." – Jason Furman, chairman of the White House Council of Economic Advisers Interview with Bloomberg TV (Nov. 6, 2015) |
LEGISLATIVE LANDSCAPE
O Extenders, Where Art Thou? Furman's remarks may spell trouble ahead for the tax extenders deal under negotiation this week between Republicans and Democrats...
To Conference We Will Go. Just around the corner is the Nov. 20 deadline to pass a long-term highway bill. How will Senate and House conferee's craft a compromise on offsets?
Here Comes Omnibus, Here Comes Omnibus. Sure, it's too early for Christmas songs...or is it? Negotiations over a year-end omnibus bill continue this week on Capitol Hill, in hopes it can be wrapped in a pretty package under the tree well before Santa's sleigh arrives...
Congress Renews Efforts to Curb Inversions After Talk of Pfizer-Allergan Merger. It's that time of year again—Congress is considering legislation to curb corporate inversions and corporate earnings stripping...
Bi-Partisan Group Introduces Alternative to Proposed DOL Fiduciary Rule. A Bipartisan group of House members is working on a bill that would offer an alternative to a pending Department of Labor proposal to raise investment advice standards for retirement accounts...
REGULATORY WORLD
Treasury Considers Guidance to Limit Earnings Stripping. Treasury Officials announced that they are exploring options on earnings stripping as they work on regulations to implement anti-inversions Notice 2014-52...
IRS May Seek Technical Corrections on Partnership Audit Legislation. The Internal Revenue Service (IRS) is likely to issue guidance on the partnership audit regime outlined in the Bipartisan Budget Act of 2015, H.R. 1314.
LOOKING AHEAD
Tuesday, 11/10
GOP Primary Debate
Fox Business and Wall Street Journal host the Republican primary
debate at 9 p.m. ET.
Bipartisan Policy Center
The BPC holds a discussion on "Is There an International Tax
Policy Crisis in the U.S.?" Special guests include Senator Rob
Portman (R-OH), Cathy Koch, tax policy leader at Ernst & Young,
among others. Read more here.
SIFMA
SIFMA hosts its 2015 Annual Meeting in DC, where financial services
industry leaders gather to discuss the state of capital markets,
capital formation, investor opportunity, job creation, and economic
growth. Speakers include Treasury Secretary Jack Lew, SEC Chair
Mary White, and CFTC Chair Tim Massad, among others. Read more here.
Wednesday, 11/11
2015 FINRA Small Firm Conference
FINRA hosts this conference in Santa Monica focusing on small
firms' practices and tips for complying with FINRA's rules.
Read more here.
Thursday, 11/12
Brookings Institute
Brookings hosts a discussion on "Helping America Plan for
Retirement" with special guest CFPB Director Richard Cordray.
Read more here.
Sunday, 11/15
G20 Summit in Antalya, Turkey
G20 leaders will meet in Antalya, Turkey, on Nov. 15-16, 2015.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
