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On Monday, ITI is hosting a tax reform conversation and the timing of this event could not be better—tax reform is a hot topic in the nation’s capital. The political alignment of the White House and Congress presents a generational opportunity to confront the deficiencies in the current U.S. tax system, while setting our nation on a course towards future prosperity. In the tech industry, we welcome [...]
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The start of the 115th Congress and the upcoming inauguration of President-elect Donald Trump on January 20th present Washington with the opportunity to address the economic concerns voiced by voters last November. These concerns in part propelled the president-elect’s victory and resulted in Republican control of both the House and Senate. The tech industry will play a critical role in driving the [...]
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The conventional wisdom in Washington always holds to not expect much from divided government, and those expectations only lower heading into a presidential election year because hyper-partisanship can turn the landscape into frozen tundra. But for every rule there is an exception. Despite the fierce headwinds, issues that are important to the technology industry cut across party lines to find common [...]
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Over the last decade, Colombia has steadily embarked on a path towards becoming one of the leading economies in Latin America. Colombia is in the midst of a remarkable transformation that stands to improve the lives of its citizens and set a standard for its neighbors in how to compete effectively in a global economy. In the coming weeks, we expect the Colombian government to take the next step in [...]
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The months long debate between the U.S. government and the European Union (EU) regarding transatlantic tax policy took another turn this week with the Department of the Treasury further clarifying its position on the ongoing tax investigations being conducted by the European Commission. ITI agrees with the Treasury Department’s analysis and with its key conclusion—the Commission’s state aid cases represent [...]
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Today, ITI submitted comments to the IRS on the most significant change in tax policy proposed in decades. The rules in question relate to how our member companies track and classify inter-party loans and stand to fundamentally alter investment decisions moving forward. As the Treasury Department and the IRS move ahead with their rulemaking (undoubtedly with thousands of pages of comments in hand), [...]
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Appearing before the International Tax Policy Forum and Georgetown University Law Center Conference late last week, Jason Furman, Chairman of the President’s Council of Economic Advisors, threw cold water on an emerging aspect of turbo charging innovation policy—the American adoption of a so-called innovation box. In his speech, “Encouraging Innovation and the Role of Tax Policy,” Furman attempted [...]
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International tax policy has been a hot topic inside the Beltway since last year. With all the talk, policymakers and stakeholders alike have wondered what’s in store for 2016 and beyond. While passage of legislation remains uncertain this year, on Wednesday, the House Committee on Ways and Means helpfully furthered the conversation with its hearing “The Global Tax Environment and Implications for [...]
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Previously I wrote that 2015 was predicted to be a year of gridlock, and yet despite deep partisanship in the nation’s capital, the tech sector saw several of our priorities passed into law. If lawmakers and the President build on that momentum, there are a number of priorities Congress could address this year to propel the growth and ingenuity of the tech sector and our economy, including: Judicial [...]
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Actions by the European Commission are drawing attention from the highest levels of the U.S. government as concerns rise about the disproportionate scrutiny of U.S. based companies, the impact on the U.S. Treasury, and the potential undermining of long-standing international tax standards. In recent months, the European Commission has handed down decisions in two cases involving tax arrangements reached [...]
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