According to recent reports, the U.S. Senate Finance Committee Tax Reform Working Group for International Tax is developing detailed policy proposals including an innovation (IP) box, while the Working Group for Business Income Tax is working on proposals for corporate integration and removing the tax advantages of debt over equity. The proposal will be recommended to the larger Finance Committee for development of legislative proposals, which may include a single tax reform bill. The Groups were formed in January 2015 along with Tax Reform Working Groups for Individual Income Tax, Savings and Investment, and Community Development and Infrastructure. Final reports...