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U.S. Senators Announce Support for House Proposal for an Innovation Box Regime

31 July 2015

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Proposed Changes

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United States

Following the release of a discussion draft for legislation to introduce an innovation box regime in the U.S. on 29 July 2015 ({News-2015-07-30/P/2- previous coverage}), an announcement of support for the proposal was issued by U.S. Senators Rob Portman and Charles Schumer. --- Today, U.S. Senator Rob Portman (R-Ohio) joined Senator Charles Schumer (D-New York) in recognizing the release of an innovation box framework by House Members Rep. Charles Boustany (D-Louisiana) and Rep. Richard Neal (D-Massachusetts). Senators Portman and Schumer recommended an innovation box in their bipartisan report to the Senate Finance Committee on an international tax reform framework. "While...