Sourcing sorcery: New inbound taxation regs

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Sourcing sorcery: New inbound taxation regs

FromCross-border Tax Talks

ratings:

Length:

35 minutes

Released:

Feb 14, 2020

Format:

Podcast episode

Released:

Feb 14, 2020

Format:

Podcast episode

Titles in the series (100)

PwC specialists share insights and perspectives on key issues impacting the ever-changing tax landscape. Our podcasts aim to provide quick, easy and up-to-date tax developments to help you stay current and competitive in today's challenging business environment. Listen to episodes at your convenience via your desktop computer or smart device.

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Widgets on hold: Shedding light on sovereign wealth and pension funds by Cross-border Tax Talks
33 min listen
Triangles add complexity to our square world by Cross-border Tax Talks
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Cross-border tax talks: Tax regulations: behind the scenes by Cross-border Tax Talks
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Around the geopolitical (and tax) world in 30 minutes by Cross-border Tax Talks
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Behind the Curtain: The Joint Committee on Taxation by Cross-border Tax Talks
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Update on global tax reform: ATAD, MLI, DAC6 by Cross-border Tax Talks
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Cross-border tax talks: Treasury considerations after tax reform by Cross-border Tax Talks
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Tax Reform with a slice of Swiss by Cross-border Tax Talks
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Key findings: Sec 965 Proposed Regs by Cross-border Tax Talks
38 min listen
Final Section 965 regulations: Amended tax returns ahead? by Cross-border Tax Talks
38 min listen
A Fortune 50 Tax VP's perspective on tax reform by Cross-border Tax Talks
34 min listen
Temas candentes: Hot issues in Mexican tax by Cross-border Tax Talks
34 min listen
US Tax Reform: Understanding Treasury's Role by Cross-border Tax Talks
35 min listen
Cross-border tax talks: International tax provisions by Cross-border Tax Talks
34 min listen
Branch FX: Were those Section 987 regulations final? by Cross-border Tax Talks
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FDII shades of gray: Doug McHoney (PwC's US International Tax Services Leader) interviews Alex Voloshko (PwC’s US Value Chain Transformation Leader) and Marco Fiaccadori (PwC Transfer Pricing Principal) about the recently released Foreign Derived Intangible Income (FDII) regulations under Section 250. Among other topics, they discuss how FDII interplays with GILTI, and how the FDII proposed regulations would apply to property transactions, component manufacturing, intangibles, and services. by Cross-border Tax Talks
38 min listen
A practitioner’s brief history of international tax in the US by Cross-border Tax Talks
36 min listen
European Union State aid: a $13 Billion (and counting) issue! by Cross-border Tax Talks
35 min listen
GILTI as charged - Part 2: The Final Regs and High Tax Exception by Cross-border Tax Talks
37 min listen
Section 163(j) - A brave new world for partnerships by Cross-border Tax Talks
36 min listen
We got the BEAT: US Tax Reform Regulations by Cross-border Tax Talks
37 min listen
Your foreign tax credits after tax reform - a basket case? by Cross-border Tax Talks
32 min listen
Merging lanes: key MA and international tax considerations after TCJA by Cross-border Tax Talks
36 min listen
Engineering the post-tax reform world: a policy perspective by Cross-border Tax Talks
38 min listen
Invalidity: When and why are tax regulations invalid? by Cross-border Tax Talks
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Tech Talk: How Leaders in Tax Embrace Technology by Cross-border Tax Talks
30 min listen
The global tax environment from an OECD perspective by Cross-border Tax Talks
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Mushy Peas: Comparing the UK and US's Corporate Tax Reforms by Cross-border Tax Talks
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US Tax Reform: GILTI as charged! by Cross-border Tax Talks
33 min listen
Anti-hybrid rules: the forgotten reform provisions by Cross-border Tax Talks
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Pillar Two Data Strategy: Play ball!!!: Doug McHoney (PwC's US International Tax Services Global Leader) is with Anthony Sciarra, a Principal in PwC’s Tax Reporting and Strategy Practice and the Global Pillar Two Data Strategy leader, to discuss the importance of a Pillar Two Data Strategy. Doug and Anthony detail what taxpayers should be doing today to stay ahead of Pillar Two’s complexity, specifically highlighting: data sourcing, data forecasting, qualifying for the CbC Transitional Safe Harbor, considerations for both an insourcing & outsourcing model, existing technology solutions, and the importance of a centralized rules calculation. by Cross-border Tax Talks
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As the world turns: Macroeconomic trends: Doug McHoney (PwC’s International Tax Services Global Leader) is at PwC’s International Tax Conference in Dana Point, California with Dr. Alexis Crow, PwC’s Geopolitical Investing Practice Leader. Doug and Alexis discuss the recession outlook and economic activity, the impact of inflation, central banking policy, including interest rates, commercial real estate and financial stability, currencies and the future of the US Dollar, energy transition, the US election outlook, and outlooks for some significant economies, including Japan, India, Singapore, Brazil, the Middle East, and Europe. by Cross-border Tax Talks
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Brazil Tax Reforms: muito complicado!: Doug McHoney (PwC’s International Tax Services Global Leader) is in São Paulo, Brazil for the first Latin American recording of the CBTT with PwC Brazil’s International Tax Leader Dr. Romero Tavaras. Doug and Romero discuss what makes Brazil’s tax system so unique – from its transfer pricing rules to its full inclusion regime. They also dive into expected Brazilian tax changes, the many acronyms that make up the indirect tax system, Pillar One, and what effect Pillar Two will have on Brazil’s taxpayers. by Cross-border Tax Talks
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US Tax Policy: Chairman Dave Camp: Doug McHoney (PwC’s International Tax Services Global Leader) is at PwC’s International Tax Conference in Dana Point, California with former House Ways & Means Chairman Dave Camp, now senior policy advisor in PwC’s Washington National Tax Services. Doug and Chairman Camp discuss his political career, drivers behind US tax policy, how Congress negotiates tax legislation, the expiring provisions in the Tax Cuts & Jobs Act (TCJA), the prospects of Congress implementing Pillar Two in the years ahead, and how companies can get involved in the tax legislative process. by Cross-border Tax Talks
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Geopolitics Unraveled: Trends for 2024: In this episode of Cross-Border Tax Talks, Doug McHoney interviews Craig Stronberg, a Senior Director in PwC's Intelligence Team, about major geopolitical trends impacting business leaders and the operating environment. They discuss topics such as protectionism, the US-China rivalry, distrust, the shift in global power, tech disruption, labor, and the Middle East. They also highlight the importance of business leaders taking stock of lessons learned from the COVID-19 pandemic and the potential risks associated with the ongoing conflict in Ukraine. by Cross-border Tax Talks
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US Guidance Update: Pillar Two and more: On this episode, Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Wade Sutton. Wade is PwC’s Washington National Tax Service’s ITS Leader, a former adjunct professor of international tax at Georgetown University's Law Center, and former Deputy International Tax Counsel, US Treasury. Doug and Wade discuss what drove them to international tax as a career (spoiler: job security) before diving into recent US tax guidance. They discuss the recent foreign tax credit (FTC), corporate alternative minimum tax (CAMT) and Previously taxed E&P (PTEP) notices. They also discuss the interaction of Pillar Two with the FTC rules, dual consolidated loss (DCL) rules, and CAMT. Doug and Wade wrap up by looking ahead to guidance we might see in 2024. by Cross-border Tax Talks
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Sustainability and Transparency for Tax Professionals: In this podcast episode, Doug McHoney, PwC’s International Tax Services Global Leader, interviews Heather Horn, PwC's Assurance National Thought Leader and host of the twice-weekly PwC Accounting Podcast. Doug and Heather discuss sustainability reporting and its increasing importance in the business world. They cover various regulations and standards, such as the EU’s Corporate Sustainability Reporting Directive (CSRD), and the potential intersection between sustainability reporting and tax transparency. Doug and Heather note the similarities between CSRD and other recent reporting requirements, like Pillar Two and the EU’s Foreign Subsidies Regulation (FSR). They also highlight the challenges and considerations for companies as they deal with new stakeholders and navigate the new reporting requirements. by Cross-border Tax Talks
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Pillar Two: how safe is the safe harbor?: Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Steve Kohart for our first podcast in PwC’s New York studio. Steve is a PwC international tax partner based in New York, and a former adviser for the OECD Center for Tax Policy and Administration. Doug and Steve discuss the OECD’s latest Pillar Two Administrative Guidance, which was published December 18, 2023 and primarily covers the transitional country by country Safe Harbor. More specifically, Doug and Steve address how jurisdictions will implement the guidance, purchase price accounting adjustments, consistent use of data, hybrid arbitrage arrangements, the allocation of CFC taxes, and whether the OECD will provide additional guidance in 2024. by Cross-border Tax Talks
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Gen AI in Tax: a new frontier: Doug McHoney (PwC’s International Tax Services Global Leader) is at PwC’s Tax Leadership Conference in breezy Orlando with Dom Megna, a New York-based tax partner leading PWC's US Tax Reporting and Strategy Practice. Doug and Dom discuss Artificial Intelligence (AI) and its place in tax. They focus on four areas - what is conversational AI, machine learning, deep learning, and generative AI (a subset of deep learning). They also cover some impacts of AI: AI for tax practitioners, how AI will affect people’s jobs, data opportunities and architecture, Pillar Two, responsible AI, and the ROI of AI. by Cross-border Tax Talks
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Taxing FX of Branches: the new Section 987 regulations: Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Rebecca Lee (WNTS ITS Partner) in PwC’s Washington, DC studio for the 140th (and Rebecca’s) episode of the Cross-Border Tax Talks podcast. Rebecca, a frequent guest on the podcast, specializes in financial transactions and digital assets. Doug and Rebecca discuss the history and intent of Section 987, which is generally to address the taxation of foreign exchange gains/losses from a foreign branch operating in a different functional currency than its home office. The rules started out relatively simply at three sentences, but since enactment we’ve received 100s of pages of regulations. Doug and Rebecca discuss how the layers of complication led to confusion and concerns over policy and administrability. This background is critical to understanding the challenges companies are facing today with the November 2023 proposed regulations. Doug and Rebecca dissect by Cross-border Tax Talks
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UK Pillar Two: Painting while the paint dries: Doug McHoney (PwC’s International Tax Services Global Leader) is joined by Matt Ryan at PwC’s Global Tax Symposium in Rome. Matt is a London-based international tax partner and PwC UK’s Pillar Two Leader. Doug and Matt revisit the UK Pillar Two rules for the third time, but now from an enacted law perspective. While the rules are set to apply from the beginning of 2024, the United Kingdom faces an interesting challenge as one of the early adopters of Pillar Two, with enacted legislation, followed by additional OECD guidance. Doug and Matt discuss the tricky task for UK legislators of ‘painting while the paint still dries’ (i.e., enacting legislation while the OECD guidance is still changing) and some of the key differences that need to be addressed as a result of the subsequent OECD guidance, as well as still-expected guidance in 2023 and beyond. Doug and Matt discuss from a practical perspective how UK-parented taxpayers are preparing for by Cross-border Tax Talks
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Pillar Two: Policy, politics and interaction with Pillar One: Doug McHoney (PwC’s International Tax Services Global Leader) is at PwC’s Global Tax Symposium in Rome, where he’s joined by Will Morris. Will is PwC’s Global Tax Policy Leader, and on Will’s last visit to the podcast, he covered FSR, the Foreign Subsidies Regulation. On this podcast, an exciting and familiar topic - Pillar Two! Doug and Will discuss generally how the Pillar Two process has been going. They wonder how tax authorities and courts will administer and adjudicate in their jurisdictions, and what will become of the potential FAQs and future administrative guidance from the OECD. They then discuss the recent EC guidance, and whether countries will be able to bring in the OECD guidance retroactively. Finally, Doug and Will touch on how business have participated thus far in the process. by Cross-border Tax Talks
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Pillar One: Policy, politics and interaction with Pillar Two: Doug McHoney (PwC’s International Tax Services Global Leader) is at PwC’s Global Transfer Pricing Conference where he’s joined by Giorgia Maffini. Giorgia is part of PwC’s Global Transfer Pricing team in London and was previously the Deputy Head of the Tax Policy and Statistics Division at the OECD. Doug and Giorgia discuss why taxpayers should care about Pillar One, starting with the basics - what is Pillar One and how does it work with Pillar Two? They discuss the complexities, scope and impacts of both Amount A and Amount B. Also the timing, economic impact, and what’s next. Finally, they address what might happen with digital services taxes and what companies should do next. by Cross-border Tax Talks
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Pillar Two in Hong Kong: Not yet a sticky wicket?: Doug McHoney (PwC's International Tax Services Global Leader) and Jesse Kavanaugh (PwC Hong Kong’s Tax Reporting & Strategy Leader) met up at PwC’s AsiaPac Global Tax Symposium in Singapore. Jesse is an International Tax Partner in Hong Kong and has been leading the region’s Pillar Two tax efforts. They discuss the state of play of Pillar Two in Hong Kong, trends regarding safe harbours and data collection, modeling and calculations challenges, the centralized and decentralized approaches to Pillar Two inherent to the region, and the Hong Kong legislative process. They also touch on the addition of Hong Kong to the EU’s ‘grey list’ and the recent introduction of the Foreign Source Income Exemption (FSIE) Regime for Passive Income. by Cross-border Tax Talks
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Alphabet soup: A taste of EU tax: Doug McHoney (PwC's International Tax Services Global Leader) is joined in Madrid by Edwin Visser, PwC’s European Tax Policy Leader. Prior to joining PwC, Edwin was the Deputy Director General for Tax Customs Policy and Legislation and Director for Direct Taxes at the Dutch Ministry of Finance. One of the real challenges for tax professionals and advisors is the sheer volume of tax proposals from the European Union. Edwin and Doug discuss the numerous EU tax proposals, including the Carbon Border Adjustment Mechanism (CBAM), the Foreign Subsidies Regulation (FSR), Green Energy Credits, ATAD3. They also cover the EU’s legislative process, flashback to the Common Consolidated Corporate Tax Base (CCCTB), then tackle Business in Europe: Framework for Income Taxation (BEFIT), the SAFE project, and the Debt-equity bias reduction allowance (DEBRA). They cap the episode with a check in on Pillar One and Pillar Two. by Cross-border Tax Talks
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Pillar Two: The UK’s latest installment: Doug McHoney (PwC's US International Tax Services Global Leader) hosts Matt Ryan, London-based International Tax Partner and leader of PwC’s UK Pillar Two Ready Team. Doug and Matt discuss the second draft of the UK’s Pillar Two legislation, the probable timing of enactment, the accounting implications, the UK’s Qualified Domestic Minimum Top-up-Tax, and some of the ‘deviations’ in the UK rules. by Cross-border Tax Talks
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Threading the Needle: Pillar Two and the IRA’s Green Energy Credits: Doug McHoney (PwC's US International Tax Services Global Leader) is joined by Pat Brown, seven-time veteran of the podcast, and co-leader of PwC’s WNTS practice. Pat has previously worked in the private industry for 16 years, including several years as a VP of tax and director of tax policy. After Pat chooses his most and least favorite CBTT podcasts, Doug and Pat discuss green energy credits, the Pillar Two Model Rules and administrative guidance, how the US and UK R&D credits compare under Pillar Two, refundable credits, transferable credits, the equity investment inclusion election, and qualifying flow-through tax benefits. by Cross-border Tax Talks
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Pillar Two: A Japanese perspective: Doug McHoney (PwC's US International Tax Services Global Leader) is joined by Shin Yamaguchi at PwC’s 2023 International Tax Conference. Shin is a Tokyo-based International Tax Partner, where he leads PwC Japan’s Inbound Tax Practice. Doug and Shin discuss Japan’s latest tax developments, focusing on the Pillar Two rules (of course!), specifically, UTPR, IIR, Safe Harbours, QDMTT, the GloBE Information Return and effective dates. They also discuss the Japanese legislative process.Since the recording of this podcast Japan has enacted their 2023 Tax Reform Bill which includes the Pillar Two Income Inclusion Rule which applies on or after April 1, 2024. by Cross-border Tax Talks
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Disequilibrium: The new geopolitical and macroeconomic landscape: Doug McHoney (PwC's US International Tax Services Global Leader) is joined by Craig Stonberg at PwC’s 2023 International Tax Conference. Craig is PwC’s Macro Intelligence Leader, and spearheads a team of analysts helping global businesses with geopolitical risks, macroeconomic volatility, and supply chain shifts. Doug and Craig discuss the geopolitical landscape, particularly in Asia and Europe; how a recession would affect multinational companies, the labor shortage that is particularly affecting women, the geopolitical part of the energy equation, and how multinational companies should be preparing for 2023 and beyond. by Cross-border Tax Talks
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Discover this podcast and so much more

Sourcing sorcery: New inbound taxation regs

Sourcing sorcery: New inbound taxation regs

Titles in the series (100)

More Episodes from Cross-border Tax Talks