Navigating a path forward: 2014 Tax Legislative Outlook

January 2014
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Navigating a path forward: 2014 Tax Legislative Outlook

At a glance

PwC's Washington National Tax Services (WNTS) offers a preview of the key tax policy issues facing the Obama Administration and Congress

The challenges faced by Congress in enacting tax reform - divided government and competing legislative goals - will increase in 2014 due to election year politics and an early change in tax-writing committee leadership. Meanwhile, a global focus on tax avoidance has led to a push by G20 countries and the OECD to address the ability of business to erode countries' tax bases. The enhanced focus on global tax avoidance could result in a wave of unilateral governmental action that significantly increases the risk of double taxation and a proliferation of cross border disputes.

In this publication, PwC's Washington National Tax Services (WNTS) offers a preview of the key tax policy issues facing the Obama Administration and Congress, including the outlook for comprehensive tax reform, federal spending, the future of expired business tax provisions, the G20 and OECD efforts on base erosion and profit shifting (BEPS), and other tax policy matters of importance to today's business leaders.