PACE Act changes rules for when qualified health plans may be offered through cafeteria plans

H.R. 1624, the "Protecting Affordable Coverage for Employees" (PACE) Act, passed by Congress and headed for the President's desk for his expected signature, revises the non-tax definition of small and large employers for purposes of the Patient Protection and Affordable Care Act (PPACA), more broadly known as the Affordable Care Act, or ACA. However, the PACE Act also ends up modifying a benefits-related tax rule, namely the Code Sec. 125(f)(3) rule permitting certain qualified health plans to be offered through cafeteria plans. … Read More

OECD releases final report on Base Erosion and Profit Shifting (BEPS)

On October 5, the Organization for Economic Co-operation and Development (OECD) released its final package of reports from its Base Erosion and Profit Shifting (BEPS) project—effectively, a comprehensive set of recommendations for reforming the international tax regime. Although the recommendations don't carry the force of law, their release has been widely anticipated, and they could prove very influential in the international tax world. … Read More