The future of the OECD’s pillar 2 project and U.S. involvement remains a focal point of international tax discussions. As the global minimum tax continues to gain traction across jurisdictions, questions emerge about the direction of U.S. policy under the new administration. Can pillar 2 function effectively without U.S. participation? Are there possible compromises between the OECD and U.S. positions? How will companies be affected in a fragmented system?

Given the complexity of reconciliation, how will the process be used by Congress, and what will that mean for the future of the Tax Cuts and Jobs Act and other Trump administration priorities? What key reforms might be part of a reconciliation package, and what provisions excluded? How could these changes affect taxpayers, advisers, and business entities? What is Congress’s likely timeline for passing a final bill?

Legislative efforts to reform the Tax Cuts and Jobs Act may bring significant changes to partnership taxation. What proposed modifications to subchapter K are likely to gain traction? How might those changes affect taxpayers, advisers, and passthroughs? What revenue considerations are driving these discussions? And what challenges or opportunities could arise as Congress debates tax reform?

This edition of Taxing Issues offers a unique opportunity to join us in person in Washington, D.C., for an engaging discussion focusing on the postelection landscape for taxpayers, where panelists will explore how shifts in the administration and Congress will affect tax priorities in 2025. This event will feature a postelection reaction panel with renowned tax authority Martin A. Sullivan and industry leaders, delivering cutting-edge analysis and fresh perspectives. Networking opportunities with top professionals await.