Tax Readiness: Recent Episodes
PwC
Missed a PwC Tax Readiness webcast? This series includes podcast versions of webcasts as well as easily digestible clips covering tax hot topics.You can listen to episodes at your convenience via your desktop computer or smartphone.
We’re on the move! PwC’s Tax Readiness podcast channel has joined forces with and moved over the Cross Border Tax Talks channel. We hope you’ll join us there! Cross Border Tax Talks is hosted by PwC’s Global International Tax Services leader, Doug McHoney, and features content and insights focused on key issues impacting the ever-changing tax landscape.
Congress is in recess until the week of July 11th. Pat Brown shares his insights on why government officials are bullish on the prospects for Pillars 1 & 2 and what to expect in the coming week. He also answers the question that he received most this week: Where are we with respect to reconciliation and the OECD project?
Presenter:
- Pat Brown, PwC’s Washington National Tax Services Co-leader
The two-week Congressional Independence Day recess is expected to begin without an agreement on a revised budget reconciliation bill. Andrew Prior shares his takeaways from this week and discusses why companies should keep an eye on global developments related to Pillars 1 & 2.
Presenters:
- Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice
Chairman Dave Camp shares his takeaways from this week and discusses why companies should continue to monitor reconciliation legislation and OECD negotiations. He also answers the questions that he received most this week: What is the viability and timing of reconciliation legislation?
Presenter:
- Chairman Dave Camp, PwC’s Senior Policy Advisor
Pam Olson explains why we are in a ‘wait and see’ mode with respect to legislation and discusses the importance of getting information to policymakers. She also answers the question that she received most this week: Where do things stand legislatively?
Presenter:
- Pam Olson, PwC Consultant and former Washington National Tax Services Leader
Janice Mays shares her takeaways from this week, looks ahead to Secretary Yellen’s testimony next week, and explains why companies should be vocal about Section 163(j) now. She also answers the question that she received most this week: Is Build Back Better still in play?
Presenter:
- Janice Mays, Managing Director, PwC’s Washington National Tax Services Practice
Rohit Kumar shares his insights on the optimism surrounding the ongoing reconciliation negotiations and why Senator Sinema is the one to watch in the coming weeks. He also answers the question that he received most this week: What can we expect in the slimmed down reconciliation legislation?
Presenter:
- Rohit Kumar, PwC’s Washington National Tax Services Co-leader
Scott McCandless shares why companies should still be focused on Build Back Better as we approach the end of May. He also answers the question that he received most this week: Will there be resolution to the research capitalization issue?
Presenters:
- Scott McCandless, Principal, PwC’s Tax Policy Services Practice
Todd Metcalf shares why the focus is on everything but tax policy at this time. He also answers the question that he received most this week: Will Congress ever get to a deal on reconciliation?
Presenter:
- Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Mark Prater shares his insights from this week, including the status of the reconciliation bill and bipartisan legislative efforts. He also answers the question that he received most this week: What are the prospects for relief from the amortization of research and development expenditures?
Presenter:
- Mark Prater, Managing Director, PwC’s Tax Policy Services Practicer
Janice Mays shares her takeaways from this week, including that Senate Majority Leader Chuck Schumer and Senator Joe Manchin met to discuss moving forward the House-passed budget reconciliation bill and the Senate started its conference process on the US competitiveness legislation. She also answers the question that she received most this week: Will Congress delay the Section 174 amortization requirement?
Presenter:
- Janice Mays, Managing Director, PwC’s Washington National Tax Services Practice
Congress returns the week of April 25th for a 5-week work period. Rohit Kumar shares why a corporate rate increase is unlikely and what to watch for in the coming weeks. He also answers the question that he received most this week: Are Democrats going to take another run at reconciliation legislation?
Presenter:
- Rohit Kumar, PwC’s Washington National Tax Services Co-leader
Drew Lyon shares his insights on the March inflation release and looks ahead to the guidance that companies include in their Q1 earnings releases for the rest of the year. He also answers the question that he received most this week: How does inflation impact Congressional interest in reviving Build Back Better legislation?
Presenter:
- Drew Lyon, Principal, National Economics and Statistics Leader, PwC US
All focus is on what’s next for US legislation and Pillars 1 & 2. Pat Brown shares how his takeaways from this week have ties to the past, present, and future. He also answers the question that he received most this week: Why is Poland holding up Pillar 2?
Presenter:
- Pat Brown, PwC’s Washington National Tax Services Co-leader
Todd Metcalf shares his insights on President Biden’s FY23 budget that was released on Monday. He also answers the question that he received most this week: How real are these budget proposals?
Presenter:
- Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Recent New York court rulings are changing the guidelines for business tax payers around information service, software as a service, and taxation of bundled and mixed offerings, In this episode, PwC professionals from the State and Local Tax practice analyze these recent rulings.
Presenters:
- Jamie Brenner, State and Local Tax Partner, PwC US
- Rob Morse, State and Local Tax Director, PwC US
Ken Kuykendall shares his takeaways from a busy week – movement of US competition legislation, Supreme Court nomination, and OECD guidance on taxing virtual currencies.
Presenter:
- Ken Kuykendall, PwC’s US Tax Leader and Tax Consulting Leader
Will Morris shares his insights on the OECD Pillar Two Commentary and EU Minimum Tax Directive — both released this week. He also answers the two questions that he received most this week: First: does the Commentary make things clearer — and more positive for business? Second, when is all this going to happen?
Presenter:
- Will Morris, PwC’s Deputy Global Tax Policy Leader
Andrew Prior shares his insights on recent bipartisan cooperation in the face of geopolitical tensions and explains why companies should focus their attention on global tax policy in the near term. He also answers the question that he received most this week: What is the fate of reconciliation legislation and proposed tax increases?
Presenter:
- Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice
Potential scenarios and outcomes of the BBB bill and the impact on Green energy incentives should it fall apart.
Speakers:
- Sal Montalbano -US Power & Utilities Tax Leader, PwC US
- Scott McCandless - Partner, Tax Policy Services, PwC US
Crisis, uncertainty, and hope – Todd Metcalf shares why these words embody his takeaways from this week and what companies should focus on in the near term. He also answers the question that he received most this week: Does Congress appreciate the inconsistencies between their international tax proposals and the agreement that Treasury has made on a path forward with the OECD?
Presenter:
- Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Janice Mays shares her thoughts on the status of legislation and looks ahead to President Biden’s State of the Union address next week. She also answers the question that she received most this week: Will Congress act quickly on Section 174?
Presenters:
- Janice Mays, Managing Director, PwC’s Tax Policy Services Practice
PwC’s Cybersecurity Leader, Sean Joyce, speaks about how companies are navigating an increased number of cyber threats and breaches and the contributing factors.
Presenters:
- Sean Joyce, PwC’s Global & US Cybersecurity, Privacy, Risk & Regulatory Leader
- Sindhu Blume, Host, Policy on Demand
Tax is on the back burner for now but appropriations are moving on track. Todd Metcalf discusses what to watch for in the coming months and answers questions he received this week: Is anything going to happen on the tax front this year and, if so, when?
Presenter:
- Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Government funding took priority this week and tax legislation is on hold. Mark Prater shares his thoughts on these developments and why it is important to keep an eye on the key actors in the coming weeks.
Presenters:
- Mark Prater, Managing Director, PwC’s Tax Policy Services Practice
It is the busiest time ever in international tax for many companies. Will Morris shares why companies should focus on Pillar 2 and watch out for the release of commentary in the coming weeks. He also answers the question that he received most this week: Is this real?
Presenter:
- Will Morris, PwC’s Deputy Global Tax Policy Leader
Companies are operating in a fast-changing environment steeped in global and domestic business and tax uncertainty. Ken Kuykendall and Carol Stubbings share their perspectives on what they are seeing at the global level around uncertainty and challenges.
Presenters:
- Ken Kuykendall, PwC’s US Tax Leader & Tax Consulting Platform Leader
- Carol Stubbings, PwC's Global Tax and Legal Services Leader
- Sindhu Blume, Host, Policy on Demand
Neil Dahr and Ken Kuykendall discuss key highlights of PwC’s 2022 Pulse Survey on the most profound issues affecting companies and that are top of mind of the more than 600 C-suite and other executives surveyed.
Presenters:
- Neil Dhar, PwC’s Consulting Services Co-Leader
- Ken Kuykendall, PwC’s US Tax Leader & Tax Consulting Platform Leader
An ongoing pandemic, midterm elections, and an ever changing business environment are just a few themes as we look ahead into 2022. Janice Mays and Rohit Kumar discuss the legislative outlook for 2022, what to watch ahead of the midterm elections, and how Congress is acting on global developments.
Presenters:
- Rohit Kumar, PwC’s Washington National Tax Services Co-leader
- Janice Mays, Managing Director, PwC’s Tax Policy Services Practice
- Kevin Levingston, PwC’s Tax Policy Services Leader
Treasury and the IRS on December 28, 2021, released final regulations (the ‘2021 Final Regulations’) addressing various aspects of the foreign tax credit (FTC) regime. Please Register for the Tax Readiness webcast on January 19 to learn more about the impacts of the 2021 Final Regulations.
The interest of investments in Puerto Rico has increased dramatically over the last few years. When looking to do business, it is important to understand the differences, like the filing requirements and the tax liabilities, of its separate tax regime. PwC professionals from the State and Local Tax practice explore Puerto Rico's unique laws and regulations and the implications for the asset and wealth management industry.
Presenters:
- Jennifer Rada, State and Local Tax Partner, PwC US
- Johnny Garcia, State and Local Tax Principal, PwC US
This summary of PwC's Tax Insight provides an analysis of key business and individual provisions proposed as part of the revised Build Back Better bill. A chart summarizing effective dates in the bill is set forth at the conclusion of the full Insight.
Contacts:
- Pat Brown - Washington National Tax Services Co-Leader, PwC US
- Rohit Kumar - Washington National Tax Services Co-Leader, PwC US
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, goes over the latest tax reform guidance on excess deferred taxes and how that could affect utilities.
Speaker:
- Sal Montalbano, US Power & Utilities Tax Leader, PwC US
The 2015 Bipartisan Budget Act (BBA) formed the federal partnership audit provision to replace and simplify the 1982 TEFRA Act of 1982 partnership audit rules. In this episode, PwC professionals from the State and Local Tax practice discuss the effects on, and reactions from, states on these updated federal provisions.
Presenters:
- Brittany Stanford - State and Local Tax Director, PwC US
- Adam Shoemaker - State and Local Tax Director, PwC US
- Brad West - State and Local Tax Principal, PwC US
Due to challenges such as inconsistent formats and manual manipulation of data from different sources, Tax functions spend over 50% of their time gathering and managing tax data. In this episode, PwC professionals from the State and Local Tax practice sit down to explain how technologies can be used as a strategic asset, allowing Tax functions to use much of their time working on value-added activities.
Speakers:
- James Pattison State and Local Tax Senior Manager, PwC US
- Stephen Mahadeo , State and Local Tax Partner, PwC US
- Larissa Knierim , State and Local Tax Senior Manager, PwC US
The historic negotiations taking place this year at the OECD, G-7 and G-20 will be critical to the future of international tax reform. In this excerpt of PwC’s Tax Readiness webcast on uniform corporate tax rules, the panelists provide an update on the recent OECD and G-20 negotiations and help those in Tax, Treasury, Operations and the C-Suite navigate this complicated landscape.
Speakers:
- Ken Kuykendall – US Tax Leader & Tax Consulting Platform Leader, PwC US
- Pam Olson - Consultant, Tax Policy Services, PwC US
- Paige Hill - Transfer Pricing Leader, PwC US
- Will Morris - Deputy Global Tax Policy Leader, PwC US
- Chip Harter – Senior Policy Advisor, Washington National Tax Services, PwC US
Pam Olson shares two major takeaways from this week, including the House passage of a budget. She also answers the question that he received most this week: What will the role of the moderate Democrats be in tax and spending legislation? Learn more at PwC.com - https://www.pwc.com/us/policyondemand.
In this episode:
- Pam Olson, Consultant, Tax Policy Services, PwC US
Mark Prater shares why all eyes should be on House leadership next week as members return from recess to consider the budget resolution. He also answers the question that he received most this week: What are the next steps for the reconciliation bill? Learn more at PwC.com - https://www.pwc.com/us/policyondemand
Speaker:
- Mark Prater, Managing Director, Tax Policy Services, PwC US
How are companies focusing on the economy? In a conversation with Drew Lyon, we discuss the impact of certain factors on the economy, possible impact of the infrastructure package, and the future of inflation. Learn more at https://www.pwc.com/us/policyondemand.
In this episode:
- Drew Lyon, Principal and National Economics and Statistics Leader at PwC
The US Treasury is expected to increase its examination of inbound deals that may be a risk to national security. Craig Stronberg discusses the latest developments that businesses should care about and what they should expect. Learn more at https://www.pwc.com/us/policyondemand.
Speakers:
- Craig Stronberg, PwC’s Intelligence’s leader for Business Acumen, PwC US
- Sindhu Blume, Host, Policy on Demand, PwC US
Todd Metcalf discusses the Senate’s passage of the bipartisan infrastructure bill and the early return of the House to consider the Senate-passed budget plan. He also answers the question that he received most this week: How much of the $3.5 trillion Senate-passed budget plan will ultimately survive the process? Learn more at https://www.pwc.com/us/policyondemand.
In this episode:
- Todd Metcalf, Principal, PwC’s Tax Policy Services Practice
Janice Mays shares her insights on the infrastructure legislation as well as timing for passage and the pivot to the budget resolution. She also discusses the questions that companies are asking and who is focused on this legislation. Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Janice Mays, Managing Director, Washington National Tax Services
Andrew Prior discusses the Senate’s consideration of the bipartisan infrastructure bill and budget resolution. He also answers the question that he received most this week: What is the timing and outlook for Congressional action on corporate and individual tax increases? Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Andrew Prior, Managing Director, PwC’s Tax Policy Services Practice
Craig Stronberg joins to discuss changing views on global governance issues and how they impact the business community. He shares guidelines that businesses should consider as well as what to focus on going forward. Learn more at PwC.com - https://www.pwc.com/us/policyondemand
Speakers:
- Craig Stronberg, PwC’s Intelligence’s Leader for Business Acumen, PwC US
- Scott McCandless, Partner, Tax Policy Services, PwC US
Scott McCandless shares this week’s biggest takeaway, the advancement of a bipartisan infrastructure deal, and where companies should focus their attention in the coming weeks. He also answers the question that he received most this week: When will the reconciliation process get underway? Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Scott McCandless, Partner, Tax Policy Services, PwC US
On this podcast we focus on key state legislation impacting corporate, passthrough entity, individual, and indirect taxes. Speakers highlight trends, what’s driving legislation, the potential impact and what companies should look out for and be thinking about to stay ahead of the changes.
Speakers:
- Jennifer Jensen – Partner, State Local Tax, PwC US
- Ben Luedeke – Partner, State and Local Tax, PwC US
- Sarah Massimino – Partner, State and Local Tax, PwC US
- John Flock – Partner, State and Local Tax, PwC US
Rohit Kumar shares his insights on the failed infrastructure vote in the Senate. He also answers the questions that he received most this week: When will the budget resolution pass and what will it tell us? Learn more at PwC.com - https://www.pwc.com/us/policyondemand
Speaker:
- Rohit Kumar, PwC’s Washington National Tax Services Co-Leader
Pat Brown shares his insights on bipartisan infrastructure negotiations, Democratic discussions around the budget, and actions around the OECD project. He also answers the question that he received most this week: Does the statement of principles around Pillars 1 and 2 mean that the OECD project is done?
Speaker:
- Pat Brown, Washington National Tax Services Co-Leader, PwC US
PwC professionals from our Tax and Deals practices for a timely discussion of the many factors impacting the current deals environment including the prevalence of ESG, the use of SPACs, and anticipated tax changes.
The replay of the Tax Readiness: Preparing for Deals in a Changing Environment webcast is available here.
Speakers:
- Julie Allen, National Tax Services Market Leader
- Craig Gerson, Partner, Mergers & Acquisitions
- Thomas Rees, Partner, Mergers & Acquisitions
- Carrie Parker, Partner, International Tax Services
Ken Kuykendall, PwC's US Tax Leader and Tax Consulting Platform Leader, speaks with Nita Asher and Pat Brown about the SHIELD proposal, what companies should be considering, and how companies can start planning now. Nita is a principal in PwC's International Tax Services practice, and Pat Brown is PwC's Washington National Tax Services Co-Leader. Learn more at PwC.com - https://www.pwc.com/us/policyondemand.
Speakers:
- Ken Kuykendall, Tax Managing Partner, PwC US
- Nita Asher, Principal, International Tax Services, PwC US
- Pat Brown, Washington National Tax Services Co-Leader, PwC US
Ken Kuykendall and Will Morris dive into the details of the agreement on Pillar 1 and 2 solutions to address the tax challenges arising from the digitalization of the economy: where the agreement is, where it is headed, and what companies can do to prepare. Learn more at PwC.com - https://www.pwc.com/us/policyondemand
Speakers:
- Ken Kuykendall, Tax Managing Partner, PwC US
- William Morris, Deputy Leader, Global Tax Policy & Administration Network, PwC US
Janice Mays shares her insights on infrastructure and the OECD discussions as well as what to watch for in the near term. She also answers the question that she received most this week: Will a bipartisan infrastructure bill squash the chances for tax increases this year? Learn more at PwC.com - https://www.pwc.com/us/policyondemand
Speaker:
- Janice Mays, Managing Director, Tax Policy Services, PwC US
Todd Metcalf shares his takeaways from this week, most notably that the White House seems to have finally secured a bipartisan infrastructure deal. He also answers the questions that he received most this week: Is anything really going to happen and, if so, how bad will it be? Learn more at https://www.pwc.com/us/policyondemand.
Speakers:
- Todd Metcalf, Principal, Tax Policy Services, PwC US
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, and Scott McCandless, PwC US Principal, Tax Policy Services go over the numerous clean energy proposals introduced, notably the Green Act and the Wyden Clean Energy Act. And how these proposals will impact the Power & Utilities industry and the deal market.
Environmental, Social and Governance (ESG) responsibility has come into focus for US companies in the last few years. Company accountability to non-shareholder stakeholders is resulting in a growing spotlight on a diverse range of financial and non-financial issues -- transparency and reporting, diversity and inclusion, sustainability, and climate change, to name just a few. More recently, the deals environment, increased focus on tax sustainability and governance, and evolving policy landscape is magnifying the importance of tax as a consideration in the ESG framework. On this podcast we discuss ESG and how tax leaders can engage with the C-suite to align tax with ESG transformation.
The replay of the Tax Readiness: The intersection of ESG and Tax webcast is available here.
Speakers:
- David Parrish, ESG Tax Leader, PwC US
- Casey Herman, Energy, Utilities & Mining Co-leader; US Power & Utilities Leader, PwC US
- Oscar Teunissen, Tax Strategy Leader, PwC US
- Pavi Mani, Power & Utilities Tax Partner, PwC US
- Will Morris, Deputy Global Tax Policy Leader, PwC US
Will Morris explains why companies should be focused on the upcoming Inclusive Framework and G20 meetings. He also answers the question that he received most this week: Does the G7 agreement mean that this deal is final? Learn more at www.pwc.com/us/policyondemand
Speaker:
- William Morris, Deputy Leader, Global Tax Policy & Administration Network, PwC US
In this Concept Series episode, Nita Asher covers all things SHIELD: what does it stand for, what is its purpose, how does it work, how did the business community react, and what does its future look like? Learn more at https://www.pwc.com/us/policyondemand
Speaker:
- Nita Asher, Principal, International Tax Services, PwC US
Chairman Camp shares his insights on the infrastructure discussions and the importance of engaging now. He also answers the questions that he received most regarding the Green Book. Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Dave Camp, Senior Policy Advisor – WNTS Tax Policy Services, PwC US
In this Concept Series episode, Pat Brown covers all things BEAT: what it stands for, what is its purpose, how it works, how the business community reacted, and what its future looks like? Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Pat Brown, Washington National Tax Services Co-Leader, PwC US
Pam Olson shares her takeaways on the Green Book and explains why companies should focus on Congress when it returns from recess. She also answers the question that she was asked most this week: Is Congress likely to enact the Biden Administration's proposals into law? Learn more at https://www.pwc.com/us/policyondemand.
Speaker:
- Pam Olson, Consultant, Tax Policy Services, PwC US
Pat Brown shares his insights on the FY22 budget and the accompanying Green Book as well as what to expect next. Learn more at www.pwc.com/us/policyondemand.
Speaker:
- Pat Brown, Washington National Tax Services Co-Leader, PwC US
Chip Harter shares his insights on the proposed 15% global minimum tax and awaits the release of Treasury’s Green Book for details on the Biden Administration's tax proposals. He also answers the question that he was asked most this week: How much higher could the GILTI rate be compared to the global minimum rate? Learn more at www.pwc.com/us/policyondemand
Speaker:
- Chip Harter, Senior Policy Advisor in PwC's Washington National Tax Services Practice, PwC US
On this episode, Janice Mays explains the purpose of Treasury's Green Book, how it is used, and what companies should be focused on.
Speaker:
- Janice Mays, Managing Director, Tax Policy Services, PwC US
The December 2020 final foreign tax credit regulations introduced a stock-based asset apportionment methodology for all taxpayers. But given the timing of these final regulations, many taxpayers were forced to estimate their stewardship for provision purposes using the asset apportionment methodology used for interest expense. Since many taxpayers are past provision season, now is the time to consider how, under the new regulations, you can lower stewardship expenses, which may in turn improve your ETR, your foreign tax credit position and your foreign-derived intangible income (FDII) outcome.
On this podcast, our international tax and transfer pricing specialists discuss:
- An overview of stewardship expense
- The December 2020 final foreign tax credit regulations and their approach to the treatment of stewardship
- Entities to which stewardship applies
- The default/residual method and the direct allocation method
- Measuring US stock basis and characterizing the stock
- The seven-step approach to calculating stewardship expense
The replay of the Tax Readiness: International tax planning post-election webcast is available here.
Speakers:
- Elizabeth Nelson, International Tax Services Partner
- Andrea Greene, International Tax Services Partner
- Mike Urse, International Tax Services Partner
- Peter Lee, Transfer Pricing Partner
In this Concept Series episode, Pat Brown covers all things GILTI: what does it stand for, what is its purpose, how does it work, and what does its future look like?
Speaker:
- Pat Brown, Washington National Tax Services Co-Leader, PwC US
Mark Prater shares why it is important to keep an eye on the bipartisan infrastructure discussions and what the key players are saying. He also answers the question that he was asked most this week: How real are the negotiations between the White House and Senate moderates?
Speakers:
- Mark Prater, Managing Director, Tax Policy Services, PwC US
Scott McCandless and Janice Mays, senior members of PwC’s Tax Policy Services team, join John Livingstone, PwC’s Global Industrial Products Tax Leader, to discuss the potential implications of the Biden Administration’s tax policy agenda to industrial manufacturers. This podcast covers President Biden’s current tax proposals, how Congress might proceed around TCJA provisions scheduled to take effect at the beginning of 2022, tax proposals related to advancing clean energy initiatives, and increased funding for the IRS with a corresponding increase in tax audits and enforcement.
Speakers:
- Scott McCandless - Partner, Tax Policy Services, PwC US
- Janice Mays - Managing Director, Tax Policy Services, PwC US
- John Livingstone - Global Industrial Manufacturing & Automotive Tax Leader, PwC US
Janice Mays shares her takeaways from this week, including that the FY22 budget will be released the last week in May. She also answers the question that she was asked most this week: Is it worth meeting with Democrats in Congress even if there is no existing relationship? Hint: the answer is yes. Learn more about PwC's Policy on Demand at https://www.pwc.com/us/policyondemand.
Speaker:
- Janice Mays, Managing Director, Tax Policy Services, PwC US
In this episode we discuss that multinationals should expect significant changes in the tax environment from both US and non-US governments and organizations like the EU and the OECD. Additionally, a likely increase in the corporate tax rate would have major impacts on the GILTI and FDII rates and calculations. This, combined with global tax measures mean that multinationals must consider their global tax structure. These next six months are crucial for data-driven analysis and planning in order to understand options and react.
The replay of the Tax Readiness: International tax planning post-election webcast is available here.
Speakers:
- Julie Allen, Washington National Tax Services Market Leader
- Doug McHoney,International Tax Services Co-Leader
- Nita Asher, US Transfer Pricing Leader
- Paige Hill, a Principal in PwC’s International Tax Services practice
We are entering a quiet period on the Hill following the release of several proposals and Scott McCandless shares why now is the time for companies to act. He also notes what the business community is most concerned about... timing. Learn more about PwC's Policy on Demand at https://www.pwc.com/us/policyondemand.
Speakers
- Scott McCandless, Principal, Tax Policy Services, PwC US
This episode highlights the state tax implications and opportunities created by employees no longer working from a company office, including potential corporate tax impact, payroll and employment tax issues, credit and incentives, and other HR issues.
The replay of the Tax Readiness: State and Local Tax implications of a remote workforce webcast is available here.
Featuring:
- Peter Michalowski – PwC’s State and Local Tax National Practice Leader
- Barbara Coulter – Partner, State & Local Tax
- Cristina Schrob – Partner, Employment Tax
- Andrew Gaudin – Partner, Global Mobility
Anil Khurana, PwC’s Global Industrial Manufacturing & Automotive Leader, and Alex Voloshko, PwC’s Value Chain Transformation Leader, join John Livingstone, PwC’s Global Industrial Products Tax Leader, to discuss insights from PwC’s recent Global Manufacturing Survey of almost 600 Chief Operating Officers and the related implications for tax executives.
Featuring:
- Anil Khurana – PwC’s Global Industrial Manufacturing & Automotive Leader
- Alex Voloshko – PwC’s Value Chain Transformation Leader
- John Livingstone – PwC’s Global Industrial Products Tax Leader
PwC’s Manufacturing COO Pulse Survey results highlight the competitive threats and strategic priorities for the future of manufacturing. The survey was completed by 585 COOs across eight manufacturing industries and five major world markets. This podcast, recorded on February 24, 2021, will align certain survey results to the value chain with a tax lens. Among other topics, we will discuss demand chains, supply chains, procurement, IP considerations, BEPS and digital services taxes, and transfer pricing.
The replay of the Tax Readiness: Key Takeaways from PwC's 2021 Global Manufacturing Survey webcast is available here.
Featuring:
- Sherry Grabow – PwC’s International Tax Services Co-Leader
- Alex Voloshko – PwC’s Value Chain Transformation Leader
- John Livingstone – PwC’s Global Industrial Manufacturing & Automotive Tax Leader
- Anil Khurana – PwC’s Global Industrial Manufacturing & Automotive Leader
This podcast covers the newly released final regulations on the deduction disallowance for fines and penalties and related information reporting, opportunities for tax savings by using the Section 1341 mitigation provisions, and how the terms of settlements and judgments can affect tax liability.
The replay of the Tax Readiness: Settlements and judgements - Review of Section 162(f)/6050X final regulations webcast is available here.
Featuring:
- George Manousos – Partner, WNTS Federal Tax Services
- Candace Ewell – Partner, WNTS Tax Controversy and Regulatory Services
- Dennis Tingey – Partner, WNTS Federal Tax Services
- Adam Hales – Director, WNTS Federal Tax Services
For many global mobility professionals, 2020 was one of the most difficult and busiest years yet. COVID-19 brought significant changes in the way we work, with workplace flexibility and remote work arrangements. Looking forward, organizations are focused on the future and considering what role remote work will play in long term mobility plans.
During this podcast you will hear how policy and processes are developing to support remote working arrangements and review how organizations have embedded remote working into their business operations. Finally, we will discuss the role global mobility teams have to support remote working as we kick off 2021.
The replay of the Tax Readiness: Embracing the future of mobility webcast is available here.
Featuring:
- Leo Palazzuoli- Global Leader for PwC’s Global Mobility Services
- Eileen Mullaney- Consulting Leader for PwC’s Global Mobility Services
- Amanda McIntyre- Partner, Global Mobility Services
- Sarah Mullen- Director, Global Mobility Services
- Pieter Manden- Senior Manager, Global Mobility Services
In this podcast we discuss significant issues arising under the recently published Section 451 final regulations dealing with recognizing income under the all-events test and the advance payment deferral method.
The replay of the Tax Readiness: Issues under the Section 451 Final Regulations webcast is available here.
Speakers:
- Topher Call
- Adam Hales
- George Manousos
- Christine Turgeon
From the White House to the halls of Congress, the policy priorities on the horizon of 2021 are hanging in the balance. What do a global pandemic, economic challenges, and political divisions mean for tax legislation?
In this podcast we discuss the potential impacts and our 2021 Tax Policy Outlook: The Changing Horizon. Download this year's publication here.
Contacts:
- Kathryn Kaminsky
- Rohit Kumar
- Pam Olson
- Janice Mays
- Scott McCandless
- Karl Russo
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, and Jeremy Fago, PwC US Power & Utilities Deals Leader go over the renewable tax credit extensions that just came out at the end of 2020 and beginning of 2021 and what we expect to see from a deal standpoint in the power and utility space this next year.
An overview of state tax implications in the asset and wealth management industry following the November 2020 election cycle.
Speakers:
- Caragh Deluca, Partner, PwC US
- Jenni Rada, Partner, PwC US
- Theresa Thompson, Partner, PwC US
President Trump signed into law a $2.4 trillion bipartisan legislative package on December 27 that includes government funding, COVID-19 economic relief, and the extension of certain tax provisions. Businesses will want to focus on key provisions that could affect their operations and the US economy in 2021. This podcast was recorded on January 7, 2021 as a timely update on the new tax legislation, what it means for your company, and how you can be prepared.
Contacts:
- Kathryn Kaminsky - Vice Chair, PwC’s US Tax Leader
- George Manousos - Partner, Federal Tax Services (FTS)
- Todd Metcalf - Principal, Tax Policy Services (TPS)
- Janice Mays - Managing Director, Washington National Tax Services
- Ligeia Donis - Managing Director, Tax Controversy & Regulatory Services (TCRS)
- William Cauley - Manager, Advisory
In this podcast, our panel of Tax Accounting Services (TAS) specialists take a deep dive into relevant tax accounting matters and recent tax developments from Q4 2020.
Speakers:
- Rick Levin, US Tax Accounting Market Leader, PwC US
- Damien Boudreau, Partner, Tax Accounting, PwC US
- Jennifer Spang, Partner, National Tax Accounting Leader, PwC US
- Jennifer Schiellack, Director, Tax Accounting, PwC US
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, and Scott McCandless (PwC Principal, Washington National Tax Services) have a debrief on the election, and discuss prospects with a new administration. Outlined below are different topics covered to discuss what this means for the Power & Utilities industry.
In this episode, PwC professionals discuss why the uncertain tax landscape is top-of-mind for C-suite and Tax executives. Topics covered include the potential implications of the 2020 elections, global initiatives such as BEPS 2.0, pandemic-related business disruption, and other changes on the horizon. Our panelists explore the current environment and provide insights on how Tax can bolster its ability to respond to continued disruption.
Speakers:
- Pat Brown, Washington National Tax Services Co-Leader
- Marjorie Dhunjishah, Tax Reporting & Strategy and East Region Tax Leader, PwC US
- Janice Mays, Managing Director, Tax Policy Services, PwC US
- Pam Olson, Consultant, Tax Policy Services, PwC US
The OECD's ongoing work on taxation and the digitalizing economy is an important issue for industrial manufacturers. Here's the latest from John Livingstone, PwC's Industrial Products Tax Leader and Will Morris, PwC's Deputy Global Tax Policy Leader on what companies in the sector are focusing on.
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, covers the final bonus depreciation regulations and issues that are specifically impacting the industry.
In this podcast, PwC professionals hold a detailed discussion on the Foreign Tax Credit (FTC) regulations. The Final Regulations finalize, among other provisions, the previously proposed FTC regulations and clarify several aspects of the new FTC regime, including the allocation and apportionment of certain deductions and creditable foreign taxes. Additionally, the Proposed Regulations modify and re-propose provisions of the 2019 Proposed Regulations regarding the allocation of foreign income taxes related to disregarded payments and propose new rules the allocation and apportionment of certain deductions, among others.
Featuring:
- Pat Brown, Washington National Tax Services Co-Leader
- Ninee Dewar, Principal, International Tax Services
- Elizabeth Nelson, Partner, International Tax Services
- Mike Urse, Partner, International Tax Services
The replay of the Tax Readiness: Key highlights of the 2020 final and proposed foreign tax credit regulations webcast is available here.
In this episode, John Livingstone, PwC's Industrial Products Tax Leader, discusses with Scott McCandless and Janice Mays, senior members of PwC’s Tax Policy Services Practice, the potential business implications of the 2020 election on industrial products companies.
In this podcast, PwC Tax Accounting Services (TAS) specialists will take a deep dive into relevant tax accounting matters and recent tax developments. Featuring:
- Damien Boudreau, Partner, Tax Accounting Services
- Rick Levin, Partner, Tax Accounting Services Leader
- Demetrios Psarofagis, Director, Tax Accounting Services
- Jennifer Spang, Partner, National Tax Accounting Leader
To follow along with the examples mentioned during the podcast, download the webcast slides here. The replay of the Tax Readiness: Q3 financial reporting considerations webcast is available here.
In this episode, we provide a background on San Francisco Annual Business taxes and discuss the Payroll Expense, Gross Receipts and Commercial Rents taxes in addition to the Homelessness Gross Receipts surcharge. Speakers include:
- Theresa Thompson, Partner
- Eran Liron, Partner
In this podcast, PwC professionals hold a detailed discussion on the EU Mandatory Disclosure Requirements (DAC6). Our team will cover an overview of DAC6, timing and the impact of COVID-19, reporting requirements, and more.
Featuring:
- Astrid Bauer, EMEA and Global Tax & Legal Regulatory Leader
- Christopher Kong, Asia Pacific Americas Tax & Global Tax Reporting and Strategy Leader
- Justin Femmer, Tax Reporting & Strategy - Data Automation Co-Leader
- Maarten Maaskant, International Tax Desk Leader
- Adriana Rodriguez, Mexico Tax Reporting and Strategy Leader
The replay of the Tax Readiness: Are you subject to EU mandatory reporting (DAC6)? webcast is available here.
In this podcast, Sal Montalbano, PwC US Power & Utilities Tax Leader, covers excess deferred taxes and some of the new guidance that has been issued. He specifically covers revenue procedure 2020-39 that was recently released and touches on private letter ruling 202033002 which deals with cost of removal and how that works its way in excess deferred taxes.
In this podcast, PwC professionals hold a detailed discussion on state and local tax outlooks. Topics include: the impact of COVID-19 on state budgets, federal relief legislation, state income tax impact and outlook as well as state indirect tax impact and outlook. Featuring:
- Meredith Alexander, Partner, State & Local Tax Services
- Jennifer Jensen, Partner, State & Local Tax Services
- Sarah Massimino, Partner, State & Local Tax Services
- Mark Prater, Managing Director, Tax Policy Services
The replay of the Tax Readiness: State Legislative Responses and Outlook webcast is available here.
In this podcast, PwC professionals hold a detailed discussion on the long awaited proposed regulations under Section 1061. The proposed regulations define key terms, describe the method for calculating the amounts subject to Section 1061, provide rules for applying Section 1061 through tiers of passthrough entities, detail the application of the exceptions to Section 1061, provide reporting rules, and describe rules for transfers to related parties.
Featuring:
- Adam Feuerstein, National Real Estate Tax Technical Leader
- Kara Friedenberg, Partner, Asset Wealth Management
- Robert Roeder, Principal, Asset Wealth Management
- Audrey Ellis, Principal, Mergers & Acquisitions
The replay of the Tax Readiness: Long awaited carried interest regulations webcast is available here.
In this podcast, Sal Montalbano (PwC US Power & Utilities Tax Leader), and George Manousos (PwC Partner, Federal Tax Services), cover the final and proposed regulations released in respect to the 163(j)
*This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
In this podcast, PwC professionals discuss the highlights, considerations, and key takeaways from the final and proposed Section 163(j) regulations. Featuring:
- Julie Allen, National Tax Services Market Leader
- Rebecca Lee, Principal, International Tax Services
- Craig Gerson, Partner, Mergers & Acquisitions practice
- Nita Asher, Principle, International Tax Services
- Bob Ritter, Principal, Transfer Pricing Services
The replay of the Tax Readiness: Significant changes in the Section 163(j) webcast is available here.
Contacts: Julie Allen, Rebecca Lee, Craig Gerson, Nita Asher, and Bob Ritter
In this podcast, PwC professionals hold a detailed discussion of the background and highlights from the final and proposed Section 163(j) regulations. Featuring:
- Julie Allen, National Tax Services Market Leader
- Rebecca Lee, Principal, International Tax Services
- Craig Gerson, Partner, Mergers & Acquisitions practice
- Nita Asher, Principle, International Tax Services
- Bob Ritter, Principal, Transfer Pricing Services
The replay of the Tax Readiness: Significant changes in the Section 163(j) webcast is available here.
Contacts: Julie Allen, Rebecca Lee, Craig Gerson, Nita Asher, and Bob Ritter
In this podcast, Sal Montalbano (PwC US Power & Utilities Tax Leader), and Scott McCandless (PwC Principal, Washington National Tax Services), discuss tax proposals under new legislative efforts that will take place in the fall and the impacts those tax proposals would have on the power & utilities sector. A corporate tax rate increase hasn't happened in decades and the analysis will be different than what was done for the TCJA rate decrease.
The accounting for the tax rate increase is complex. Would accounting net against the existing regulatory liability? Will there be new regulatory assets? How soon would an unprotected regulatory asset be recovered vis-a-vis how quickly the unprotected EDT is being given back? Would any of the rate increase be protected or will it all be unprotected?
Please reach out to Sal Montalbano with any questions.
In this podcast, Elizabeth Nelson (Partner, PwC International Tax Services), Marty Hunter (Partner, PwC International Tax Services), Nita Asher (Principle, PwC International Tax Services), and Aaron Junge (Partner, PwC International Tax Services) discuss the Final and Proposed Regulations under Section 951A, highlight the effective dates of provisions, and illustrate the rules with examples.
You can watch the original webcast as a replay and download the slides here.
Contacts: Elizabeth A Nelson, Martin P. Hunter, Aaron H Junge, Nita Asher
In this podcast, Mike DiFronzo (PwC’s Washington National Tax Services ITS Leader), Ninee Dewar (PwC International Tax Services Partner), Kartikeya Singh (PwC Transfer Pricing Partner), and Karen Lohnes (PwC Mergers & Acquisitions Partner) discuss highlights of what the final FDII regulations cover, the new substantiation rules, deduction mechanics, FDDEI sales, FDDEI services, related party sales, and partnerships.
Contacts: Mike DiFronzo, Ninee Dewar, Kartikeya Singh, Karen Lohnes
A discussion on how the recently enacted Coronavirus Aid, Relief and Economic Securities (CARES) Act may impact state and local tax jurisdictions for taxpayers in the Asset and Wealth Management industry.