Senate Tees Up Corporate Integration in Tax Reform Bill

A provision in the Senate tax reform bill providing a zero percent deduction for dividends companies pay to shareholders might lay the groundwork for a move to corporate integration in the tax code.

With the provision as a start, there is a possibility of an actual deduction in a later version of the bill, or in future legislation.

“This looks like somewhat of a placeholder, and I don’t know if it’s something that’s being set up for possible consideration either by the full Senate or in conference of the bill, or it’s just something out there for future consideration,” said ...