"There will be no important tax legislation next year, nothing's going to get to the finish line," said Howard Gleckman, senior fellow at the Tax Policy Center.
Congress will not act on comprehensive tax reform next year, but House Republicans could try to move forward with international or corporate tax reform, according to tax experts. more »
"Issue price is an important priority and broadly applicable topic," said John Cross, the Treasury Department's tax legislative counsel, who hopes the Treasury Department and Internal Revenue Service can finalize those in the first half of next year.
The biggest tax regulatory issue for municipal market participants in 2016 are the issue price rules and what changes the Treasury Department and Internal Revenue Service will make as they finalize them, dealer and issuer group representatives said in interviews about the coming year. more »