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US politics

February 27, 2014

When Democrat senator Max Baucus unveiled a raft of tax reform proposals on a number of issues important to high net worth families in late November last year, some Capitol Hill pundits thought there may yet be hope for some restructuring of America’s unwieldy tax regime. But Baucus’s recent nomination as the new ambassador to China seems to have torpedoed that idea.

When Democrat senator Max Baucus unveiled a raft of tax reform proposals on a number of issues important to high net worth families in late November last year, some Capitol Hill pundits thought there may yet be hope for some restructuring of America’s unwieldy tax regime. But Baucus’s recent nomination as the new ambassador to China seems to have torpedoed that idea.

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