Inversions have been in the news consistently this summer as multiple companies have looked for legal paths away from the U.S. corporate tax system. Burger King became the latest corporation to add to the list after they...
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- D.C. Council Overrides Mayor's Veto of Tax Reform Pa...
D.C. Council Overrides Mayor's Veto of Tax Reform Package
The D.C. Council just voted 12 to 1 to override the Mayor's veto of the budget/tax reform bill. The bill reduces middle-class income tax burdens, cuts business taxes, and broadens the sales tax base to personal services, starting in 2015. All told, it is a revenue cut of $158 million over five years. We've spoken and written extensively on the benefits of this positive tax reform package; click here to see more details about what's in the bill.
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