• President Obama’s Fiscal Year 2014 Revenue Proposals: Proposals Relating to International Taxation
  • April 17, 2013
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On April 10, 2013, the Obama Administration (the “Administration”) released the General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals (commonly known as the “Green Book”). Although the Green Book does not include proposed statutory language, the Green Book contains some explanations of the Administration’s fiscal year 2014 revenue proposals. This memorandum discusses key aspects of the Green Book relating to international taxation that we anticipate may be of interest to our clients. We will be distributing separate memoranda addressing Green Book proposals relating to (1) domestic business taxation, and (2) individual, retirement plans, and estate and gift taxation, both of which may be obtained by following the instructions at the end of this memorandum.