AICPA Submits International Tax Reform Comments To House Ways and Means Committee Chairman Brady

Washington, D.C. (June 24, 2016) – The American Institute of CPAs (AICPA) offered comments on various international tax provisions to House Ways and Means Committee Chairman Kevin Brady in a June 23 letter.

The letter’s specific recommendations primarily focus on the technical issues of the international provisions in the Tax Reform Act of 2014.  AICPA Tax Executive Committee Chair Troy K. Lewis, stated, “From a policy perspective, we generally refrain from supporting or opposing most of the provisions because our membership’s client base is comprised of a variety of taxpayers, and the specific provisions could either benefit or negatively impact them.  Instead, we aim to objectively identify potential technical issues, administrative-type concerns, provisions needing clarification, and areas we think warrant further consideration as Congress moves forward with international tax reform.”