Tax eBrief: Simpson, Bowles attempt to revive deficit plan, and more

Tax eBrief: Deficit Plan REUTERS Simpson Bowles

Deficit hawks Alan Simpson and Erskine Bowles on Tuesday will propose a detailed plan for rewriting the tax code and implementing deep new spending cuts, hoping to offer a path to compromise for Democrats and Republicans, according to an outline of the deficit plan. Continue reading

Tax eBrief: EU financial transaction tax push causes dismay, and more

Tax eBrief: Capitol Hill REUTERS/Jim Young

The European Commission appears determined to press ahead with a Europe-wide financial transaction tax in spite of warnings that it threatens the existence of Europe’s 1 trillion euro ($1.37 trillion) money market funds industry. Continue reading