On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
- San Francisco Chronicle cites Scott Drenkard on property ...
San Francisco Chronicle cites Scott Drenkard on property taxes
Key Findings: OECD countries rely heavily on consumption taxes, such as the value-added tax, and social insurance taxes, such as the payroll tax. The United States relies heavily on the individual income tax, at 38.7 percent of total...
Key Findings With his newly released tax reform proposal, Governor Paul LePage becomes the first governor to propose substantive tax reform in 2015. The plan would result in a tax cut of $267 million per year as of FY 2019, with the plan fully...
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