Treasury's Mazur: Groundwork Laid That Would Allow Tax Code Overhaul

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April 21 — Businesses hoping to see an overhaul of the U.S. corporate income tax will get their answer in the next few months, a Treasury Department official said.

Mark J. Mazur, assistant secretary for tax policy at the department, said April 21 that the “fundamentals for tax reform are as good as they've been since 1986.”

He cited the efforts of former House Ways and Means Chairman Dave Camp (R-Mich.) and current Chairman Paul D. Ryan (R-Wis.) to develop proposals for an overhaul of the tax system, with a view toward stemming the flow of income offshore.