The Chamber continues to fight for a streamlined tax system allowing taxpayers to make smarter decisions about how they work, save, and invest, and unleashing the power of American businesses—large and small—to create jobs.
Washington passed the first major tax reform in more than three decades.
Explore the map to see how companies responded.
This Hill letter was sent to the Members of the United States Congress, urging cosponsorship of H.R. 216 / S. 1149, the "Main Street Tax Certainty Act."
On August 20, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-119307-19, proposed regulations to implement legislative changes to section 274 of the Internal Revenue Code (Code) effective for taxable years beginning after December 31, 2017, specifically addressing the elimination of the deduction under section 274 for expenses related to certain transportation and commuting benefits provided by employers to their employees in taxable years beginning after December 31, 2017, as published in the Federal Register on June 23, 2020.
This Coalition letter was sent to Congressional leadership and to Treasury Secretary Steven Mnuchin, on the President's Executive Order Deferring Payroll Tax Obligations.
Congress and the White House need to come together on a path that supports families without creating the uncertainty of a big tax surprise.
WASHINGTON, D.C. – U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley today issued the following statement regarding the need for clear guidance from the U.S. Department of Treasury for implementing the payroll tax Executive Order:
On August 12, 2020, the Chamber delivered this letter to Secretary Mnuchin regarding the implementation of the Executive Order deferring payroll tax obligations in light of the ongoing COVID-19 disaster.
On August 3, 2020, the Chamber submitted these comments to the I.R.S. and Treasury on REG-112339-19, guidance on the credit for carbon oxide sequestration under §45Q of the Internal Revenue Code, as published in the Federal Register on June 2, 2020.
On July 20, 2020 the Chamber submitted these comments to the I.R.S. and Treasury on Notice 2020-47, recommendations for items that should be included on the 2020-2021 Priority Guidance Plan, as published in the Internal Revenue Bulletin on June 29, 2020.
From shipping to staffing, the Chamber and its partners have the tools to save your business money and the solutions to help you run it more efficiently. Join the U.S. Chamber of Commerce today to start saving.
U.S. Chamber Comments on REG-127732-19: Guidance under Section 954(b)(4) Regarding Income Subject to a High Rate of Foreign Tax
On September 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-127732-19, proposed regulations under the subpart F income and global intangible low-taxed income provisions of the Internal Revenue Code regarding the treatment of certain income that is subject to a high rate of foreign tax, as well as proposed regulations under the information reporting provisions for foreign corporations to facilitate the administration of certain rules in the proposed regulations, as published in the Federal Register on July 23, 2020.