Trump Audit Immunity Delays Action on Tax Administration Fixes – news.bloombergtax.com

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
A package of bipartisan tax administration fixes compiled by Senate Finance Committee leaders is on the skids over a controversial settlement granting President Donald Trump audit immunity—but key panel lawmakers plan to keep working toward consensus.
The skirmish threatens to grind committee work on bipartisan tax administration legislation, among other priorities, as Democrats see the markup as a chance to bring the issue to light. Holding up the legislation has some advocates worried about a delay pushing past the midterm election.
“This is not necessarily an ‘oh well, better luck next year’ situation,” said Pete Sepp, the president of …
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