Taxation Committee

On request from Chamber staff, the committee analyzes and provides input on federal tax legislative and regulatory initiatives.

On request from Chamber staff, the committee analyzes and provides input on federal tax legislative and regulatory initiatives. Since the enactment of tax reform, the committee’s input has focused on the regulatory implementation of tax reform and post-reform legislative initiatives to ensure the most pro-growth tax code possible.

Recent Activity

Above the FoldMar 03, 2021 - 9:00am
Corporate employees look at financial projections.

The “Fair Share” Fig Leaf

Rather than raising taxes, we need to focus on policies that will drive our economic recovery during the COVID-19 pandemic. Read more.

Above the FoldFeb 17, 2021 - 12:45pm
Woman in corporate office going over financial documents.

Preventing Changes to GILTI That Hurt Competitiveness

Tax reform improved the competitiveness of our tax system – and proposals to double the GILTI rate is a step in the wrong direction.

Above the FoldJan 27, 2021 - 7:15am
Business financial projection documents

The Case for Preserving a Competitive Corporate Tax Rate

There is bipartisan agreement that an economic downturn is not the time to raise taxes. Here's why.

CommentMay 21, 2020 - 2:00pm

U.S. Chamber Letter to I.R.S. and Treasury on Employee Retention Tax Credit FAQs Additional Modifications

On May 21, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on additional modifications to the Employee Retention Tax Credit Frequently Asked Questions, last updated by the I.R.S. on May 8, 2020.

CommentMay 19, 2020 - 6:45pm

U.S. Chamber Comments on REG-106013-19: Guidance Involving Hybrid Arrangements and the Allocation of Deductions Attributable to Certain Disqualified Payments Under Section 951A

On May 19, 2020, the U.S. Chamber submitted these comments to the I.R.S and Treasury on REG-106013-19, guidance involving hybrid arrangements and the allocation of deductions attributable to certain disqualified payments under Section 951A (Global Intangible Low-Taxed Income), as published in the Federal Register on April 8, 2020.

Letters to CongressMay 01, 2020 - 3:30pm

U.S. Chamber Letter Urging Treasury to Revise Employee Retention Tax Credit FAQs #64 and #65

On May 1, 2020 the Chamber delivered this letter to Secretary Mnuchin regarding comments and recommendations for revisions to the Employee Retention Tax Credit FAQs #64 and #65 released by the IRS.

Letters to CongressApr 02, 2020 - 2:00pm

U.S. Chamber Letter Urging Treasury and IRS COVID-19 Initial Implementation Tax Response

On April 2, 2020 the Chamber delivered this letter to the IRS and the Treasury regarding comments and recommendations to provide guidance to taxpayers in response to COVID-19.

CommentFeb 14, 2020 - 9:00am

U.S. Chamber Comments on REG-105495-19: Proposed Foreign Tax Credit Rules

On February 14, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-105495-19: guidance related to the allocation and apportionment of deductions and foreign taxes, the definition of financial services income, foreign tax redeterminations under section 905(c), the disallowance of certain foreign tax credits under section 965(g), and the application of the foreign tax credit limitation to consolidated groups, as published in the Federal Register on December 17, 2019.

CommentFeb 13, 2020 - 9:15am

U.S. Chamber Comments on REG-122180-18: Certain Employee Remuneration in Excess of $1,000,000 under Internal Revenue Code Section 162(m)

On February 13, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-122180-18, proposed regulations under section 162(m) of the Internal Revenue Code, which limits the deduction for certain employee remuneration in excess of $1,000,000 for federal income tax purposes, as published in the Federal Register on December 20, 2019.

CommentJan 31, 2020 - 9:15am

U.S. Chamber Comments on REG-112607-19: Additional Rules Regarding Base Erosion and Anti-Abuse Tax

On January 31, the U.S. Chamber submitted these comments to the I.R.S. and Treasury on REG-112607-19, guidance regarding the base erosion and anti-abuse tax imposed on certain large corporate taxpayers with respect to payments made to foreign related parties, as published in the Federal Register on December 6, 2019.