WASHINGTON (Reuters) – Tax reform could spell the demise of corporate tax breaks such as the domestic production credit, but don’t hold your breath waiting for it, says Scott Hodge, a 20-year veteran of the Washington tax wars.

Comprehensive tax reform may not come until 2013 and when it does, the handful of corporate tax breaks to be curbed could include the credit which rewards companies for making things in the United States rather than abroad.

WASHINGTON (Reuters) – Symbolic gestures and possible agreements in principle, but not substantive reform, are likely to be the main tax policy result of urgent talks about raising the U.S. debt ceiling.

As President Barack Obama and congressional leaders met on Thursday, there was talk of ending ethanol subsidies and tax loopholes for corporate jets, private equity financiers and Big Oil.

WASHINGTON (Reuters) – Symbolic gestures and possible agreements in principle, but not substantive reform, are likely to be the main tax policy result of urgent talks about raising the U.S. debt ceiling.

As President Barack Obama and congressional leaders met on Thursday, there was talk of ending ethanol subsidies and tax loopholes for corporate jets, private equity financiers and Big Oil.

WASHINGTON (Reuters) – Corporate tax breaks — from offshore shelters to private jets — are a key stumbling block in the U.S. debt ceiling debate, with talks set for Thursday between President Barack Obama and congressional leaders.

The tax code is riddled with deductions, exemptions and other provisions to support corporations. Not since 1986 under President Ronald Reagan has the code been fully overhauled.

WASHINGTON, July 6 (Reuters) – Corporate tax breaks — from
offshore shelters to private jets — are a key stumbling block
in the U.S. debt ceiling debate, with talks set for Thursday
between President Barack Obama and congressional leaders.

The tax code is riddled with deductions, exemptions and
other provisions to support corporations. Not since 1986 under
President Ronald Reagan has the code been fully overhauled.

WASHINGTON (Reuters) – The world’s biggest banks brought their fight against higher capital standards to Congress on Thursday where Republicans hosted a hearing to vent Wall Street complaints about government regulation.

Little more than two years since major banks took massive taxpayer bailouts to shore up their weak balance sheets, the U.S. government and EU nations are trying to force the banks to hold more capital and be better prepared for future crises.

WASHINGTON (Reuters) – Global inconsistencies and industry resistance are clouding the outlook for world financial regulation reform in two key areas — swaps oversight and bank capital, both set for debate this week.

More than two years since the devastating 2008 banking crisis, regulators from Washington and London to Brussels and Singapore are tightening the screws on high finance, with large Wall Street firms already moving to comply with new laws.

WASHINGTON, June 12 (Reuters) – Global inconsistencies and
industry resistance are clouding the outlook for world
financial regulation reform in two key areas — swaps oversight
and bank capital, both set for debate this week.

More than two years since the devastating 2008 banking
crisis, regulators from Washington and London to Brussels and
Singapore are tightening the screws on high finance, with large
Wall Street firms already moving to comply with new laws.

LONDON/WASHINGTON, June 9 (Reuters) – Tax authorities have
been stepping up pressure on the offshore banking industry, with
the United States promising a summer crackdown and Britain
pursuing thousands of people with money in Swiss accounts.

At a conference in Washington organised by the Organisation
for Economic Cooperation and Development (OECD) this week, a
senior U.S. Internal Revenue Service (IRS) figure said the
authority was about to probe at least one bank.

WASHINGTON (Reuters) – Representative Barney Frank said he is “troubled” by delays in implementation of core provisions of the bank law reform he co-authored in response to the 2007-2009 financial crisis.

He blamed Republicans for trying to strangle the sprawling 2010 Dodd-Frank legislation by blocking key appointments and underfunding agencies that must implement the law.