Tax News & Views: Recent Episodes
Deloitte US
Need to keep up with tax policy updates? Tax News & Views, our current events-focused tax podcast, can help provide clarity on the latest tax news and developments that could affect your business.
Discover how the Senate’s new tax package may reshape US tax policy—Deloitte specialists break down the latest changes and what’s next for taxpayers.
Join Deloitte experts as they unpack the Big, Beautiful Bill’s headline tax changes and what they could mean for companies, individuals, and the future of US tax policy.
Deloitte experts break down the House Ways and Means Committee’s tax package markup and what it means for tax policy and business planning.
Get an expert lens into crypto tax basis tracking, including best practices and new tax rules.
Explore PTET elections in M&A transactions, compliance complexities, and SALT cap implications, with insights from Deloitte experts.
Deloitte experts keep you informed on the latest developments in the budget resolution process and its immediate impact on tax policy.
Unlock timely M&A trends and insights from Deloitte experts in our latest podcast episode.
Understand the complexities of CAMT compliance and reporting for the tax season with insights from Deloitte experts.
Special episode: Explore the latest developments in the House and Senate budget resolutions and their impact on future tax legislation.
Discover how GenAI is revolutionizing tax data management, improving compliance, and driving enterprise value in tax departments.
Discover how tax departments can leverage technology to drive enterprise value and enhance collaboration with IT and finance.
How can high-net-worth individuals enhance their estate plans amid changing tax laws? Tune in to find out.
How can companies navigate the regulatory environment of e-invoicing and e-reporting? Tune in to find out.
Multiple news outlets report that former President Donald Trump has been re-elected to office. Find out what that may mean for tax policy in this episode.
Explore the exciting world of GenAI and its use in tax in our new series. Tune in to this premiere episode and begin your GenAI adventure.
The results are in! Dive in to the findings of Deloitte’s 2023 Tax Transformation survey in this new episode.
With the Democratic and Republican conventions behind us and November elections on the horizon, it’s a great time to talk tax policy. Tune in to hear from Deloitte tax policy leaders.
Tax can contribute to sustainability beyond credits and incentives. Learn more about how tax can support sustainability initiatives in this episode.
You’ve just received a notice of selection for audit. What’s next? Find out in the latest episode.
The long-awaited section 987 regulations are almost here. What changes should taxpayers expect? Find out in this episode.
President Biden’s Green Book lays out budget proposals impacting philanthropy. How does this shape future legislation? Tune in to find out.
Insights from Deloitte’s most recent Tax Transformation Trends survey: Gain insights on the future of tax departments on this episode of the Tax News & Views podcast.
How are property tax assessments determined, and what do you do if you disagree? Find the answers in the latest episode of the Tax News & Views podcast.
The Inflation Reduction Act changed the game for purchasing and transferring sustainability credits. But how? Find out more in this episode.
President Biden just released his FY2025 budget plan. What does it mean for tax? Tune in to find out.
Trying to navigate financial pressures? Look no further. Tune in to discover how tax planning can be the key to unlocking your company’s cash savings.
A sweeping, bipartisan tax bill passed on the Senate floor. What’s in it, and what happens next? Tune in to find out.
How do ultra-high-net-worth families manage their wealth? Tune in to dive into the world of family offices and legacy preservation through wealth management.
US lawmakers strike an important tax deal in 2024. Will it pass Congress? More importantly, what’s in it? Tune in to this episode to find out.
What’s next for tax regulation heading into 2024? Tune in to this special edition episode on the latest tax policy updates and predictions.
How will introducing Generative AI affect tax leaders and functions? Tune in to hear how GenAI is transforming tax departments and how organizations can prepare.
Why is there a renewed focus on tax transparency and governance by companies? Tune in to hear about recent regulatory changes and how companies are addressing them.
Digital asset brokers, new IRS reporting regulations have just been issued. What’s included and what’s not? Tune in to find out.
Tax and accounting professionals across the globe are rethinking their accounting and tax provision processes in preparation for Pillar Two. In this new series from Tax News & Views, Deloitte tax leaders and subject-matter specialists will explore the transition to Pillar Two from a global perspective and discuss how multinationals should approach jurisdictional requirements and calculations.
Qualifying for safe harbors—temporary or permanent—has companies reevaluating standard country-by-country reporting data and local reporting standards across jurisdictions. In part 2 of our global series on Pillar Two, leaders from Deloitte Tax examine the safe harbor guidance that global multinationals need to understand and consider for eligibility.
Pillar Two not only changes how global businesses are taxed, but also changes end-to-end tax, finance, and legal resources at these companies. In this episode Deloitte global compliance specialists discuss how companies are addressing Pillar Two data and technology requirements, and the solutions Deloitte can offer clients to help them along their Pillar Two journey.
What are the key new rules related to payment and transferability associated with energy projects? Find out in the latest Tax News & Views podcast.
Pillar Two guidance on covered taxes is reshaping perspectives on state tax inventories. In the next part of our series, hear from Deloitte Tax leaders on the impact to a company’s Pillar Two analysis and what local tax professionals will need to consider for state and local tax profiles.
For both employers and job seekers, making an impact and doing purposeful work is not just important—it is a key differentiator for recruitment and retention. In this episode, host Carrie Falkenhayn sits down with Deloitte Tax CEO Carin Giuliante to discuss the meaning of purpose and how tax leaders and professionals can infuse purpose-driven impacts into their work.
The added layer of calculating GloBE income, and the subsequent income tax rules, has leaders at multinationals rethinking their tax provision processes and financial statement controls. Our series continues with Deloitte Tax leaders Jay Morris and Krystle Kort as they discuss key considerations around Pillar Two calculations and global minimum tax liabilities.
Covered taxes are going to require all hands on deck across accounting and finance teams. Find out why in the next part of our Pillar Two series.
In the world of regulatory compliance, unclaimed property can be the lost loot challenging some tax departments and professionals when meeting reporting obligations. Find out why and what do about it on this episode of Tax News & Views.
Congress and President Biden agreed on and signed a debt limit suspension in the nick of time. Tune in to find out the key provisions included in the bill.
For some multinationals preparing for Pillar Two, safe harbors may provide some relief for compliance costs. Tune in to the latest episode for more.
Transitioning to Pillar Two requires multinationals to assess and understand the data structures for each jurisdiction they operate in. In part 2 of our series, Deloitte tax leaders explore the new data requirements and how multinationals should be looking at and thinking differently about their tax data and technologies.
Pillar Two represents a significant shift in global tax reform, but how will it affect US-based multinational companies? Tax News & Views presents the Pillar Two spotlight series, where Deloitte Tax leaders and subject-matter specialists will explore the transition and compliance with Pillar Two and discuss how US multinationals should rethink their tax approach ahead of 2024 when the new rules go into effect.
The Inflation Reduction Act (IRA) earmarked a significant budget to the IRS, half of which was dedicated to increasing tax enforcement. In 2023, this could mean an increase in IRS examinations, and Tax and Finance executives need to know how to respond. Deloitte tax controversy specialists discuss considerations for taxpayers and how they can start to prepare in this latest episode.
The Inflation Reduction Act (IRA) earmarked a significant budget to the IRS, half of which was dedicated to increasing tax enforcement. In 2023, this could mean an increase in IRS examinations, and Tax and Finance executives need to know how to respond. Deloitte tax controversy specialists discuss considerations for taxpayers and how they can start to prepare in this latest episode.
President Biden’s budget plan for the 2024 fiscal year proposes both familiar and new tax policies targeted at large corporations, high earners, and more. Host Carrie Falkenhayn sits down with Deloitte tax leaders to discuss the details and potential tax implications leaders need to understand and prepare for.
To increase clean energy jobs and reduce the industrial sector’s greenhouse gas emissions, the IRS recently reestablished the 48C energy credit program under the IRA’s Advanced Energy bucket. Catch the latest episode to hear from Deloitte Tax specialists on the particularities of the program and what businesses need to know to evaluate their eligibility.
With a looming recession and rising interest rates, taxpayers are left questioning how the current economic climate will affect their property assessments today and years down the line. In this episode, hear recommendations from Deloitte Tax specialists on how taxpayers should navigate property tax activities during this inflationary period.
The rules and regulations in the state tax landscape are quickly evolving and investment managers need to stay informed of how their industry is being impacted. In this latest episode we hear from Deloitte Multistate Tax Specialists on recent state tax adjustments affecting the investment management industry and how to tackle these issues.
President Biden recently held his annual State of the Union address, and while tax was not center stage, he did point to three important tax proposals during his speech. In this episode, Deloitte Tax Policy leaders discuss the specifics of these proposals and how they may have an impact on the current tax landscape.
Since the publication of the OECD’s Pillar One—Amount B consultation document, there have been many questions and disputes from businesses and tax leaders alike surrounding its application. This episode takes a closer look at ‘Amount B’ and the tax implications it will have on multinational businesses reporting distribution activities.
With the Inflation Reduction Act introducing new and revised renewable energy tax credits in 2022, executives need to know what’s changed and whether their businesses still meet eligibility requirements. In this latest episode, Deloitte Tax credits and incentives specialists discuss the new clean hydrogen production credit and nuances of the modified carbon-capture credit.
While it remains unclear whether Congress will update Section 174 regarding Research & Experimental (R&E) expenditures prior to December 31, 2022, entities can begin to determine the appropriate scope of analysis necessary to prepare for such an update. Tune in to the latest episode to hear from Deloitte tax leaders and subject-matter specialists Carl Obradovich (Global Incentives Leader) and Mark Hindes (Washington National Tax Senior Manager), on the latest developments and recommendations for year-end.
The inbound investment landscape is a strategic and growing market segment, and it’s important to understand it as well as the benefits and challenges in attracting US foreign investment. Tune in to the latest episode to hear from subject-matter specialist and CEO of Global Business Alliance Nancy McLernon on the most recent developments in this “industry.”
With new and expanding tax rules around digital asset reporting, businesses, brokers, and digital wallet holders need to stay in the know. In this latest episode, Deloitte leaders Denise Hintzke and Jonathan Cutler discuss the particulars of the latest digital asset tax compliance regulations imposed by tax authorities in the United States and globally, and what businesses need to look out for.
Will midterm election results lead to an upshift in tax policy? In this episode, Deloitte Tax leader Jonathan Traub shares his thoughts on the latest developments in midterm elections and what they could mean for the tax legislative landscape in the United States.
Tax operating models are changing, and many leaders are collaborating with service providers in new and different ways to transform tax operations. Together, they are shaping forward-thinking tax strategies that help in-house tax teams work with external resources to be better equipped to tackle today’s ever-changing market dynamics. Prudential Financial’s Senior Vice President & Chief Tax Officer Jim Shea and Vice President – International Tax Dianne Trinkle discuss the process the financial institution underwent when choosing which parts of its tax operations to outsource to a professional services provider.
With a lot of organizations investing in sustainable manufacturing, corporate executives need to consider the tax benefits available to them under the Inflation Reduction Act. Tune in to the latest Tax News & Views episode to learn more on the subject from Deloitte credits and incentives specialists.
The Inflation Reduction Act (IRA) devotes hundreds of pages to clean energy credits, but what’s in it? Listen in to the Tax News & Views podcast to learn more.
From concerns over tax compliance to adoption of the OECD’s Pillar One and Pillar Two models, in this latest episode Deloitte leaders Albert Baker and Mike Steinsaltz sit down to discuss what’s top on the agenda for more than 160 senior tax and finance executives from across the globe who participated in Deloitte’s 2022 Global Tax survey: BEPS and beyond.
Now that the Senate has approved the Inflation Reduction Act, the next stop is for the bill to pass in the House of Representatives. Tax and finance executives need to understand what made it into the new bill and its implications for their organizations. Deloitte leader Jonathan Traub highlights the major tax components and outlook of tax legislation in this latest episode.
Senator Schumer and Senator Manchin announced a breakthrough in their Reconciliation bill negotiations. Now tax and finance executives need to understand what’s in the new bill - the Inflation Reduction Act of 2022 - and its implications for their organizations. Deloitte leader Jonathan Traub highlights the major tax components and outlook of tax legislation in this latest episode.
With Tax touching so many of the core functions of a business from sales to procurement to finance to IT, this latest episode of Tax News & Views looks at the ways ERP implementations can help Tax functions drive increasing business value by improving current systems and processes. June Paik and Jim Sullivan from Deloitte’s Tax Technology Consulting Group discuss approaches to ERP implementations and how to incorporate tax into an enterprise’s digital transformation journey.
West Virginia Senator Joe Manchin may have put an end to Biden’s big tax and climate reconciliation, yet Democrat leaders remain hopeful. In this latest episode, Deloitte leader Jonathan Traub discusses what’s next for the big tax and climate spending package, as well as other high-priority legislations on the Congressional docket.
Diversity, Equity, and Inclusion, better known as DEI, has been the business community’s response to the world’s demand for social justice. But are corporate DEI efforts really working? In this latest episode, Deloitte Tax leaders Norah Nicholls and Julia Cloud discuss the importance of equity in measuring the success of corporate DEI efforts, its impact on philanthropy, and how tax leaders fit into the equation.
Is forced labor really a major risk to US companies today? The short answer, yes. In this latest episode, Deloitte Tax leader and global trade specialist Kristine Dozier talks about the forced labor obligations corporate executives face, how they can reduce potential risks by having a mitigation plan in place, and even leverage technology to give them greater line of sight to their global supply chains.
As more governments jump on the technology bandwagon and digitize their finance functions, companies and their executives are prioritizing their own finance transformations to stay in lockstep. In this episode, Jonathan Englert and Martin Lopez, Deloitte leaders and specialists on the topic, talk about the trends they are seeing in the marketplace and why tax needs to be in the front seat of this journey toward a new way of working.
Whether your organization is thinking of going completely virtual or taking a hybrid work model approach, all signs seem to point to one thing: remote work is here to stay. In this latest episode, Deloitte Tax specialists Lorraine Cohen and Joel Eisenreich join host Carrie Falkenhayn to discuss how corporate executives and tax leaders need to focus on proper tax reporting for the long term, rethink strategies around managing remote work, and what tech-enabled solutions can help get them there.
What’s in President Biden’s proposed trillion-dollar spending plan for 2023? Tune in to find out.
Who said state tax systems are too complicated? Tune in to the Tax News & Views podcast and find out how technology is transforming state taxation and compliance.
In 2022, Democrats still have hopes of keeping some form of the Build Back Better Act alive. Join Deloitte Tax leaders Carrie Falkenhayn and Jonathan Traub in this latest episode as they discuss what’s next for the bill and what challenges Democrats are facing in Congress to get it passed.
For the first time since the OECD announced its Pillar Two solution, local governments and multinational corporations are starting to see how the proposed tax framework, or at least part of it, will work. In this latest episode, Deloitte Tax leaders Alison Lobb and Bob Stack look at the recently published Pillar Two rules and how they may impact multinational corporations based in the US.
In this latest episode, host Carrie Falkenhayn sits down with James Gordon from the Deloitte Tax Management Consulting practice to discuss tax governance and transparency, and how they fit into an organization’s broader ESG efforts. James highlights new trends in corporate tax transparency, including new reporting standards, and what business owners should look out for.
The requirement by global taxing bodies to provide more taxpayer data in a digital format creates unique challenges for tax departments. In this episode, Deloitte Tax Management Consulting Partners Stephane Lunan and RJ Littleton discuss those digital transformation challenges and how tax leaders can best position their department to deliver enhanced value to a transformation project.
How does a Passthrough Entity Tax (PET) work and why have 20 states enacted them? In this latest episode, Multistate Tax specialists Dan Daly and Jason Kang explain what PETs are and who might benefit the most from them. And, since PETs are enacted differently state by state, Dan and Jason underscore the need for taxpayers to discuss the implications of being taxed in this manner with their tax advisors.
While the Senate will likely stick with the basic architecture of the House’s Build Back Better package, some substantial changes are expected to be made. In this latest episode, Deloitte Tax Policy leader Jon Traub explains the next steps in the Senate, what provisions in the bill are likely to get changed, and how a crowded Senate agenda could push the bill’s passage into the new year.
Learn more on the rapid emergence of Special Purpose Acquisition Companies (SPACs) and what we can expect to see in the future.
The Build Back Better story continues to evolve on Capitol Hill. In this latest episode, Deloitte Tax Policy leader Jon Traub explores the path forward for House Democrats, discusses how the Senate may look to amend any legislation that comes from the House, and considers a potential timeline for how it all plays out.
While there is still work left to be done, it appears that Congressional Democrats are gaining traction in their efforts to pass the Build Back Better tax and spending package. In this latest episode, Deloitte Tax Policy leader Jon Traub shares his insights on how the tax policy components of the bill are coming together and what we might expect to see in the coming days as Congress seems poised to move forward on this legislation and the bipartisan infrastructure package.
How far will congressional Democrats pivot on their approach to raising revenue? Is it too late to pivot at all? In this latest episode, Deloitte Tax Policy leader Jon Traub shares insights on Senator Sinema’s stance on not raising corporate and individual tax rates and the many implications that may have on the ultimate tax policies that are passed.
Managing remote work has rocketed to the top of talent issues that businesses face today. In this latest episode, Deloitte Tax Principal Kate Forsyth and Deloitte Tax Partner John Jennings, both leaders in Deloitte’s Global Employer Services Group, share insights on the remote work trends they are seeing in the marketplace and the role that a tax department can play as organizations develop hybrid work policies.
On October 8, more than 130 countries and jurisdictions signed up for the OECD’s inclusive framework to reform international tax rules. Now what? In this latest episode, Carrie Falkenhayn sits down with Deloitte Tax leaders Alison Lobb and Bob Stack to discuss the two-pillar plan and its potential impact on international tax policy and multinational organizations.
Withholding tax reclaims typically involve a complicated, time-consuming, and paper-driven process. In this latest episode, Katherine Worraker, an investment management specialist and Tax partner from Deloitte’s London office joins Tim Rappoccio, a managing director in Deloitte Tax. They’ll discuss the evolution of the withholding reclaims process around the world and the importance of appropriate controls and processes as investors pay more attention to reclaims than ever before.
As the legislative process to determine the size and scope of its spending packages plays out in Washington, where do private business owners need to focus in anticipation of increasing tax rates? Wendy Diamond, Deloitte Private US family enterprise leader, joins Jeff Kummer from Deloitte’s Tax Policy Group. Together, they walk through the likely progress of the spending legislation currently being debated, the possible tax implications for private business owners, and estate planning.
From proposed changes in the corporate tax rates to increases for individual capital gains, the recently released package of revenue raisers from the Ways and Means Committee contains many things that were expected—as well as some surprises. Deloitte’s Tax Policy Leader Jon Traub is back in this episode to share his insights on the proposed legislation, the possible compromises ahead, effective dates, and the looming prospect of a big showdown over raising the debt limit.
As companies across all industries accelerate their sustainability initiatives, new tax policies around the world are being implemented that either incentivize organizations to act or penalize those that aren’t engaging in good behavior. In this latest episode, we’re joined by Deloitte Sustainability leaders Jeff Shaw and Mick Kane, who outline how these policies may impact an organization and the key areas that the tax function and tax executives need to be thinking about.
Political pressure and parliamentary rules will both impact the passage of a major infrastructure bill and a budget reconciliation. In this latest episode, Deloitte Tax Policy leader Jon Traub shares what’s been accomplished so far, the possible tax implications, and the road ahead before Congress can enact either piece of legislation.
Given our dynamic times, organizations are challenged to think differently about the way they will operate in the future.
In this latest episode, we’re joined by Deloitte Tax leaders Jason Sawyer and Emily VanVleet for a discussion on the key findings from Deloitte’s recent Global Tax Transformation Survey, as well as the obstacles and opportunities that organizations face as they contemplate a tax department transformation.
Having passed a massive bipartisan infrastructure bill, the US Senate moved directly into debate on an even larger budget resolution. In this latest episode, Deloitte Tax Policy leader Jon Traub dives deep into the significance of the bipartisan effort behind the infrastructure bill and explores the potential tax implications and other challenges that lie ahead for the Senate’s budget resolution.
The COVID-19 pandemic has required new ways of thinking by organizations as they develop their property tax strategy, especially for companies with complex properties, such as those in renewable energy, manufacturing, and transportation. In this latest episode, we’re joined by Deloitte Tax leaders Dave Hurrell and Amy Frees for a discussion on the latest property tax trends and the importance for businesses to be proactive.
You can’t see it, hold it, or put it in your wallet. Yet, cryptocurrency has taken center stage with the IRS and has implications when you file your taxes. In this latest episode, Deloitte specialists Denise Hintzke and Peter Larsen take a close look at how the OECD and major governments are trying to regulate data collection and reporting around cryptocurrency transactions.
In this episode of Tax News & Views, the topic is property tax and how to navigate the real estate market in this economic downturn.
The highly anticipated release of the US Treasury department’s Green Book provides detailed analysis of the tax policy proposals embedded in the administration’s first budget. In this latest episode, we’re joined by Deloitte Tax leader Jon Traub, who shares his unique insights on what substantial tax policy changes may be enacted in the first year of the Biden presidency.
More and more, executives are realizing the power of automation to free up their tax function and the potential to do more with less. In this episode, Deloitte Tax leaders Lisa Covelli and Stephane Lunan talk about the technologies and trends they’re seeing in the tax compliance space, and how executives can integrate them into their operations.
From emerging issues in tax policy to new IRS rulings, Tax Analysts has been a fountain of tax news, information, and resources for the last 50 years. In this latest episode, Cara Griffith, CEO and president of the global online publisher, explains how we got here and what’s next in the fight for continued tax transparency.
Are you prepared for an employment tax audit? In this latest episode, Deloitte managing director and compensation tax specialist Jason Russell walks through some of the latest trends in this space and highlights what companies need to look out for as the IRS starts to conduct more employment tax audits as a result of the pandemic.
President Biden has introduced the American Families Plan, a trillion-dollar economic package that invests in childcare, education, and other family programs. In this latest episode, we sit down with Deloitte Global Tax Policy leader Jonathan Traub to look at what’s included—and what’s not—in President Biden’s latest initiative and the tax implications for businesses and individuals for the near future.
Companies have started turning to technology to help improve efficiencies and mitigate risk related to indirect tax processes. In this episode, Deloitte tax leader Brian Little joins us to talk about the trends and potential pitfalls companies need to avoid when employing new technologies. Learn how companies can best take advantage of technology to increase efficiencies and add insights through better data analysis.
The Biden administration recently announced the American Jobs Plan, an investment in our nation that will boost the US economy, create millions of jobs, and overhaul the country’s infrastructure—but how will it be paid for? What are the corporate tax implications? In this latest episode, Deloitte tax leader Jon Traub takes a closer look at the details of the plan, its impact on corporate America, and some of the responses we’re seeing from Capitol Hill.
Companies need to stay abreast of key decisions being made at the local level or risk significant underpayment penalties. In this episode, Deloitte’s transaction tax practice leader, Kirsten Gulotta, walks listeners through some of the most recent updates in the gross receipts space and their impact to reporting and compliance.
With the American Rescue Plan now officially the law of the land, at least from a tax perspective, it is important that tax professionals, individuals, and business owners alike understand its impact. In this latest episode, Deloitte tax policy leader Jon Traub joins us to expound on the new tax provisions and tax credit expansions under this new bill, as well as what other proposed tax changes we can expect to see coming from the Hill in the near future.
COVID-19 has left no corner of our society unturned, and that includes the philanthropic community. In this latest episode, we join Jane Searing, leader in Deloitte’s Global Center for Excellence in Philanthropy, as she delves into the world of giving back to discuss the latest business trends coming out of this space.
Businesses and financial institutions are facing new challenges every day with increasing tax compliance and reporting requirements. In this episode, Deloitte’s Global Information Reporting leaders, Denise Hintzke and Tim Rappoccio, discuss these new compliance standards, how they are being enforced, and what companies and tax functions should expect to see in this space.
Tax leaders today are asking how they and their teams can work quicker and better, remotely. In this episode, discover how the pandemic and current economic climate have accelerated the digital transformation process and what that process looks like for tax departments.
Following the runoff elections in Georgia, Capitol Hill is looking at a 50-50 split between Democrats and Republicans in the US Senate, with ties broken by the Vice President. This rare event in our country’s history elicits an important question within the tax and accounting sphere: What’s next for tax policy?
Congressional leaders passed a much-anticipated COVID-19 relief and spending bill this past December. However, with new tax provisions and extensions on expiring provisions from the CARES Act, there are numerous factors that tax leaders and professionals need to consider carefully in this new legislative package.
The G20/OECD Inclusive Framework on Base Erosion and Profit Shifting (the Inclusive Framework) released two detailed “blueprints” in relation to its ongoing work to address the tax challenges arising from the digitalization of the economy.
The business impacts of COVID-19 are far reaching and include transfer pricing considerations for multinational companies that should be actively managed and monitored. Companies and their transfer pricing specialists are dealing with a complex landscape that includes the potential effects of the pandemic on business strategies and resulting transfer pricing implications, changing market behaviors and the impacts on intercompany contracts and arrangements, adopting a different transfer pricing policy than what is contained in current agreements, and much more.
Most major news organizations have declared that former Vice President Joe Biden will emerge with at least 270 electoral votes and will become our next president. With that in mind, it’s time for taxpayers to begin to consider the potential tax impacts of Joe Biden’s tax agenda.
There’s a rapid proliferation of digital assets across geographies and industries, from tokens, to stablecoins, to digital representations and derivatives of each. But with little tax guidance available for businesses, asking “What’s the thing?” is critical to understanding how specific details inform the asset’s character, basis tracking, application of indirect tax, revenue and expense recognition, and sourcing.
There are plenty of challenges when it comes to accounting for income taxes, from forecasting to non-routine transactions, to deferred taxes, to analyzing new legislation and guidance, all of which can create complexity. With the COVID-19 pandemic and the impact on economic conditions, it’s crucial that companies face ASC 740 challenges head-on while looking for opportunities to add value.
There’s a growing recognition of how critical diversity and inclusion is to business performance. The challenge lies in translating the value of diversity and inclusion into impactful actions that your tax department can take.
Today’s environment is quickly changing the way businesses function as they navigate through new business and tax needs, and this is especially true at the state tax level. Whether it’s cash generation strategies, tax implications of remote workforces, sales and use tax refunds, real and personal property values, or tax department operations, multistate tax has unique opportunities to add value to organizations.
COVID-19 has triggered or accelerated major shifts in business strategy, advancing digital adoption and reassessment of the end-to-end supply chain—with significant tax implications. As business leaders weigh alternatives for sourcing, manufacturing, and distribution, scenario planning from a tax perspective may be crucial.
In the midst of a rapidly changing US market, many companies are assessing how to monetize losses, considering raising or restructuring debt, or planning for a divestiture or acquisition of under performing assets. That’s why it’s more important than ever for organizations to have timely tax planning to capture value and manage risks.
With the US Presidential election less than two months away, now is the time for tax executives to understand the candidates’ tax plans and policies to ensure they are ready no matter the election results.
In an increasingly complex environment, tax departments are under pressure to reduce operating costs and generate cash. Deloitte Tax’s Rochelle Kleczynski and Emily VanVleet highlight some of the tax-planning opportunities, operating model changes, and ways to create value by aligning with overall initiatives of the business.
Deloitte’s Jon Traub takes a look at the Senate Republicans' recently released Phase 4 COVID relief legislation. He also discusses what House Democrats will be looking for during negotiations, and the chances of the parties going with a short-term package instead.
As companies look to recover in the era of COVID-19, it’s important to understand what additional tax legislation might be coming as part of a phase four relief bill. In this episode, Jon Traub discusses what Senate Republicans, House Democrats, and the White House are looking for in the bill, as well as the process to get to a final relief package that all groups can agree on.
As businesses look to recover, it’s critical to understand what’s happening in Washington, D.C. From the CARES Act to clarifications and changes to already passed regulations to a potential phase 4 bill on the horizon, understanding the legislative landscape remains crucial for tax departments. In this latest episode, Jon Traub provides updates on legislation passed to date, as well as what might be coming next as Congress and the White House consider a phase 4 bill.
Even before the COVID-19 pandemic, tax leaders were already facing numerous pressures, including budget and resource constraints, while figuring out how to invest in technology. The current climate hasn’t made it any easier. In this latest episode, Deloitte Tax partner Terri LaRae offers key business insights on how tax leaders can tackle these challenges efficiently and transform their operations with a phased approach.
With the recently enacted CARES Act allowing taxpayers to tap into cash refunds all the way back to 2013, companies are seeing a lot of opportunities to monetize losses. While that sounds simple, the decision-making and planning process surrounding it is a bit more complex. In this episode, Deloitte’s Steve Harrison and Ken Gerstel explain the nuances of the revised net operating loss (NOL) rules and how executives should be thinking about this tax relief benefit.
Given the current economic climate, many companies have been in a rush for cash, leading to an upward increase in credit borrowing and corporate debt. In this latest episode, Deloitte’s Steve Harrison and Ken Gerstel explain the significance of debt modifications and their implications on corporate debt restructuring.
What is structural planning? How can it benefit a company in today’s environment? In our latest episode, Sarah Murray discusses the importance of aligning business operations during the current environment and how, when done correctly and with the right technology, it may help alleviate some real pain points for businesses.
Jonathan Traub discusses the key tax features found in the House coronavirus relief package, including a proposed change to the net operating loss carryback provision in the CARES Act. He also discusses the Senate’s perspective on the bill, some of the important areas of controversy, and what might happen next on the COVID-19 legislative front.
With the CARES Act already in full effect, eyes on Capitol Hill are starting to shift towards preparations for the next phase of the COVID-19 stimulus relief. In this latest episode, Jonathan Traub from Deloitte Tax sheds some light on how our Congressional leaders are measuring the impact of the CARES Act and their plans for additional legislation, which may include more aid to businesses, local and state governments.
How does the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) affect net operating losses (NOL) at a state level? When it comes to the five-year NOL carryback provision in the CARES Act, it’s important to understand the differences between, and limitations of, state and federal NOLs. Brian Sullivan, managing director at Deloitte Tax, lays out considerations for NOLs in states where future income is expected, procedures to document and support NOLs, and key differences between conforming at the state level and conforming with the amendments to IRC 163(j) from the CARES Act.
Businesses are looking to either save or generate cash as a response to COVID-19. Taxpayers are looking to NOL carrybacks, filing for quick refunds, 2019 and 2020 accounting methods planning, and federal and international tax planning considerations as potential cash generation options. On our latest tax podcast, Joe Carino of Deloitte Tax explains to listeners what some of the different strategies could mean for tax departments in their recovery planning.
On the indirect tax side, it’s contract personnel opportunities, indirect tax refund reviews, and outsourcing compliance. For property tax, it’s deferred payments, a focus on the current filing and an assessment cycle, and a strategy for future appeals. There are numerous state-level opportunities for businesses looking to save or generate cash in response to COVID-19. On our latest tax podcast, Deloitte Tax leaders Kirsten Gulotta and Dave Hurrell discuss cash generation in the age of COVID-19.
On this episode of our tax podcast, we take a look at areas in the CARES Act important to taxpayers, from the temporary provision allowing companies to delay the deposit of payroll taxes to the government to the Paycheck Protection Program. Deloitte Tax policy group leader Jonathan Traub talks about what employers need to know about them. We also discuss the importance of focusing on guidance for implementation, and what additional legislation might be on the way.
What are the key elements of the CARES Act? What does it do for businesses trying to stay solvent and keep workers employed? How will these costs impact the deficit? Jonathan Traub answers these and other questions about the CARES Act on our latest tax podcast. He also zooms out and explains where it fits into the Congressional multi-step recovery planning.