36 min listen
Extension cord: The story of tax extenders
Extension cord: The story of tax extenders
ratings:
Length:
38 minutes
Released:
Nov 30, 2020
Format:
Podcast episode
Description
Doug McHoney (PwC's US International Tax Services Leader) and Rohit Kumar (co-leader of PwC's Washington National Tax Services practice) discuss the past, present, and future of tax extenders. Doug and Rohit discuss: Rohit's experience as Domestic Policy Director and Deputy Chief of Staff for Senate Majority Leader Mitch McConnell; what tax extenders are and why they exist; the importance of the ten-year congressional budget window; the political calculus involved in determining whether certain tax provisions are temporary or permanent; the background and history of the controlled foreign corporation (CFC) look-through rule; potential alternatives to the tax extender regime; and the necessity for bipartisanship due to the upcoming 'fiscal cliff' at the end of 2025, caused by the potential expiration of a multitude of Tax Cuts and Jobs Act (TJCA) provisions.
Released:
Nov 30, 2020
Format:
Podcast episode
Titles in the series (100)
Update on global tax reform: ATAD, MLI, DAC6 by Cross-border Tax Talks