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Accounting & Audit

PwC Offers Economic and Tax Policy Outlook for 2016

Election-year politics will dominate legislative action in 2016 as both parties seek to lay out policy agendas for 2017 and beyond, which would seem to dim prospects for legislation in 2016.

Election-year politics will dominate legislative action in 2016 as both parties seek to lay out policy agendas for 2017 and beyond, which would seem to dim prospects for legislation in 2016.

However, despite divided government during 2015, Congress enacted several key pieces of legislation. Will the legislative successes of 2015, including the signing of a major December ‘tax extender’ bill, and Paul Ryan’s elevation to Speaker of the House create momentum that can be carried over into enactment of additional meaningful legislation during 2016?

Will the House or the Senate introduce further tax reform legislation setting the stage for 2017? 

PwC’s annual publication, 2016 Tax Policy Outlook: Setting priorities in an election year, addresses these topics and more, including tax reform, global tax controversy, IRS challenges, new regulatory projects, and other tax policy matters of importance to today’s business leaders.

The document is available for free download (in PDF format) from PwC’s website: http://www.pwc.com/us/en/tax-services/publications/assets/pwc-2016-taxpolicyoutlook%20v11.pdf.