Breaches of the code would attract disciplinary action and the withdrawal of funding for research.

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The film company involved has since repaid the money to the assembly and the standards committee found that although the AMs' code of conduct had been breached, no further action should be taken.

BBC: Bethan Jenkins

Reform of the tax code provides more leverage for increased growth than any other policy action.

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He vowed to "take action" if new evidence emerged of a breach of the code, but said that on the strength of the arguments he had heard so far he had concluded that a separate investigation into Mr Hunt's conduct would "duplicate" the inquiry and was "neither necessary nor right".

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There is an opportunity, as I just said, because of apparent interest by both Democrats and Republicans to reform our corporate tax code, to take action now.

WHITEHOUSE: Press Briefing

Though Civitas is ostensibly nonpartisan, its sister organization, Civitas Action, also headed by De Luca, is organized under a different part of the tax code, which allows it to sponsor hard-hitting election ads, and it did so against the Democrats in 2010.

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The enemies of action include lobbyists who want to keep special treatment for their respective industries embedded in the current tax code, or unions that oppose immigration reform for high-skilled foreign workers.

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