RECENT EPISODES
The expiration of key provisions of the Tax Cuts and Jobs Act will have implications beyond federal tax policy, particularly on the debate around the cap on the itemized deduction for state and local taxes. Arguments for letting the SALT cap expire emphasize its unfairness to some taxpayers, while advocates for extending or modifying the cap cite its role in helping fund federal tax cuts and maintaining fiscal discipline at the state level. What are the burdens the cap places on residents of high-tax states like California, New York, Connecticut, and New Jersey? If the SALT cap is allowed to expire, how will that affect the passthrough entity election? If the cap is extended, what issues emain unresolved with that election?
The Supreme Court has ruled 7 to 2 in favor of the government in Moore v. United States, and we have assembled a panel of experts, including counsel for plaintiffs Charles and Kathleen Moore, the government’s chief litigator in the lower courts, and the author of an amicus brief to discuss their decision. What are the implications of the Court’s decision? What factors helped shape it? How will the decision affect the tax landscape?
The OECD’s pillar 2 will not only shape international and federal taxes but also affect many state and local taxes classified as covered taxes under its framework. That makes state and local taxation a crucial part of its analysis. What choices will states have to make regardless of whether the United States adopts pillar 2? How will they alter their tax structures and policies to align with the global framework? What can they do to ensure their compliance while maintaining their competitiveness? And what lessons can states take from their history of tax competition and cooperation and apply to this new challenge?
As pillar 2 moves to implementation, are developing countries prepared to participate? Have the final rules addressed their concerns? Do tax administrations in these nations still face disadvantages, and do they need additional support? Can the rules be improved to better safeguard developing countries?
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A SERIES ON TAX POLICY
The Taxing Issues webinar series will further the mission of Tax Analysts: to shed light on tax policy and administration by conducting timely reporting on tax issues, uncovering documents, and encouraging informed debate. The series focuses on public dialogues about cutting-edge issues in federal, state, and international tax policy and administration. We are committed not only to producing high-quality publications, but also to providing open discussion forums featuring top-flight speakers who frame and debate tax-related issues.
Our attendees come from all segments of the tax community and bring engaging questions to these conversations, challenging speakers to defend their views. Registration for our webinars is available to anyone wishing to gain insight from industry experts on timely topics affecting the tax community.
UPCOMING EVENT
Election Implications for Tax Policy
With the possibility of significant shifts in political leadership as a result of the upcoming elections, tax priorities may change, affecting everything from federal corporate and individual rates to state tax choices. Join us for a discussion of the wide-ranging implications.
Tax Analysts is offering this episode of Taxing Issues as a free service to the public, and all attendees can receive CPE credits. To do so, you must register for the webcast before it starts and log in no later than the scheduled start time. You also must request CPE credits before each webcast, and you must answer the polling questions that will be asked throughout the event.