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Strategies & Market Trends : Speculating in Takeover Targets
CTG 7.840+0.4%Aug 12 4:00 PM EDT

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To: The Ox who wrote (3697)6/16/2014 7:27:01 PM
From: Glenn Petersen  Read Replies (1) of 6365
 
I agree. The tax code needs a complete overall, and annual updates after that so that it is responsive to new developments and needs. Tax provisions get codified and are never updated.

I would not be surprised to see a major tax bill next year. There will be a one year window before the presidential campaigning heats up and Paul Ryan will be heading up the Ways and Means Committee. I may be delusional, but I think that he could craft a deal with Obama. Unfortunately, any "reform" will be diluted by the demands of special interests and their lobbyists.

I do have some sympathy for corporations facing the double taxation issue. It would be a huge boost for the economy if all of that offshore money could be repatriated. It would be interesting to know the origin of the inversion loophole.
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