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

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.

CommentDec 02, 2019 - 10:15am

U.S. Chamber Comments on Global Anti-Base Erosion Proposal ("GloBE") (Pillar Two)

On December 2, the U.S. Chamber submitted these comments to the Organisation for Economic Co-operation and Development (OECD) in response to the public consultation document on Global Anti-Base Erosion Proposal (“GloBE”) under Pillar Two regarding taxation of the digital economy.

CommentNov 12, 2019 - 11:00am

U.S. Chamber Comments on REG-125710-18: Regulations Under Section 382(h) Related to Built-In Gain and Loss

On November 11, the U.S. Chamber submitted these comments to the IRS and Treasury on REG-125710-18, guidance regarding the items of income and deduction which are included in the calculation of built-in gains and losses under section 382 of the Internal Revenue Code, as published in the Federal Register on September 10, 2019.

CommentNov 11, 2019 - 10:30am

U.S. Chamber Comments on the Secretariat Proposal for a “Unified Approach” under Pillar One

On November 11, the U.S. Chamber submitted these comments to the Organisation for Economic Co-operation and Development (OECD) on the Secretariat Proposal for a “Unified Approach” under Pillar One regarding taxation of the digital economy.