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.
There is bipartisan agreement that an economic downturn is not the time to raise taxes. Here's why.
In the face of significant challenges, including a global pandemic and an economic crisis, businesses have adapted to survive ... they have served their communities, and this country ... and they have put forward life-saving, world-changing solutions.
This Key Vote Alert! letter was sent to the Members of the United States Congress, supporting the Senate Amendment to H.R. 133, the omnibus COVID-19 relief legislative package.
Massive small business coalition asks Congress to reverse IRS ruling that penalizes PPP borrowers
On November 16, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-110059-20, proposed regulations relating to the modification of §958(b)[1] of the Internal Revenue Code (“Code”) by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, modifying the ownership attribution rules applicable to outbound transfers of stock or securities of a domestic corporation under §367(a), and narrowing the scope of foreign corporations that are treated as controlled foreign corporations for purposes of the look-through rule under §954(c)(6), as published in the Federal Register on September 22, 2020.
On October 30, 2020, the U.S. Chamber delivered these comments to the I.R.S. and Treasury on REG-107911-18, proposed rules concerning the limitation on the deduction for business interest expense after amendment of the Internal Revenue Code (Code) by the provisions commonly known as the Tax Cuts and Jobs Act, which was enacted on December 22, 2017, and the Coronavirus Aid, Relief, and Economic Security Act, which was enacted on March 27, 2020, as published in the Federal Register on September 14, 2020.
On October 19, 2020, the U.S. Chamber and 16 other Trade Organizations delivered these comments to the I.R.S. and Treasury regarding Revenue Procedure 94-69, providing special procedures for taxpayers that are subject to the (former) Coordinated Examination Program (“CEP”) to show additional tax due or make disclosures to avoid the imposition of accuracy-related penalties for negligence, disregard of rules or regulations, or substantial understatement of income tax – as requested in the I.R.S. News Release of August 19, 2020.
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.
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."
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 the Public Consultation Document on the Reports on the Pillar One and Pillar Two Blueprints
On December 11, 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 the Reports on the Pillar One and Pillar Two Blueprints, as published by the OECD on October 12, 2020.