The president's advisory commission on tax reform could hold a hearing in mid-July that may offer a more detailed glimpse at the changes the panel will recommend in September, a senior Treasury Department official said June 29 at a tax roundtable sponsored by the District of Columbia Bar Association Tax Section. Also speaking at the roundtable event was the Commissioner of the Internal Revenue Service Mark Everson, who reiterated five points that he believes are significant as the panel works to produce its recommendations. The five points the panel's proposals should reflect include:

• the increasinly global nature of many tax transactions
• retaining "adequate progressivity"
• being administrable
• being simple for taxpayers to comply with, and
• providing for a smooth transition

For more information on the tax panel's work to date, see OMB Watch's Tax Panel Webpage