Rep. Dave Camp (R-MI), Chairman of the US House Ways & Means Committee, has issued a proposed revamp of the entire Internal Revenue Code, called the Tax Reform Act of 2014.

Please join us as Mayer Brown Partner Mark Leeds discuss certain changes that the bill proposes to the taxation of financial products and institutions. While it is unclear whether this bill, in whole or in part, will be considered for enactment, these developments reflect current thinking about the reformation of the taxation of various derivatives and should be of interest to those who work in financial markets.

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Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.