Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Senate's First Tax Discussion Drafts Address International Tax
WASHINGTON (11/20/13)--The head of the Senate Finance Committee, Sen. Max Baucus (D-Mont.), released three draft options today, all concerning international taxation. It is expected that two other discussion drafts will be released later this week, those regarding tax administration and the cost recovery method of accounting. 

As expected, the discussion drafts released Tuesday do not affect credit unions or other not-for-profit entities. The Credit Union National Association (CUNA) and other stakeholders are monitoring developments closely as lawmakers appear to be keeping a schedule of launching fully into tax reform discussions this Fall.

CUNA and credit union members across the country continue to keep pressure on Congress with the unified message, "Don't Tax My Credit Union."

As CUNA Senior Vice President of Legislative Affairs Ryan Donovan has noted, "Credit unions must make sure that lawmakers on all levels truly understand that a new tax on credit unions would be a tax on their 97 million members."

To date the "Don't Tax My Credit Union" campaign has garnered almost 1.2 million separate message s to Congress, rallying support through social media and state credit union leagues.
RSS print
News Now LiveWire
Of $1.3B in payments through mobile devices, 90% occurred at @Starbucks stores http://t.co/MN49JR1NXK
12 hours ago
.@LoveBethpage 1st to launch mobile debit/credit card control from @COOPFS http://t.co/kuq7onGuai
13 hours ago
A booming W Okla county gets its first #creditunion @TheHEFCU See #NewsNow http://t.co/svTyMnms0X
16 hours ago
Mortgage interest rates continue slide in September @FHFA http://t.co/agU9RJW5Kq
18 hours ago
Reimagined branches shift to member, not #creditunion, needs: @cunacouncils white paper http://t.co/lN2mu0IVar
19 hours ago