What GOP Election Wins Could Mean for Trump Tax Cuts
Talking Tax20 Marras 2024

What GOP Election Wins Could Mean for Trump Tax Cuts

The re-election of Donald Trump and Republican sweep in Congress makes an extension of the 2017 GOP tax cuts more likely, but there will be hurdles. Republicans want to use a fast-track process to move legislation—but that maneuvering comes with various rules and procedures. Meanwhile, senators in the party elected John Thune (R-S.D.), a long-time member of the Finance Committee, to become majority leader in January, succeeding Sen. Mitch McConnell (R-Ky.) Thune's experience on the Finance panel when the law known as the Tax Cuts and Jobs Act was crafted could help smooth the process. On this episode of Talking Tax, Bloomberg Tax Deputy Team Leader Kim Dixon and reporter Zach C. Cohen discuss the new GOP Senate leader and how the fast-track process known as reconciliation could play out when Republicans take power in Washington next year. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690

Jaksot(431)

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

How IRS Attorney Departures Will Prolong Cases, Spur Settlements

Big job cuts and reductions in resources at the IRS are liable to prolong disputes over tax bills and force the agency to leave money on the table when cases are finally resolved. More than 170 att...

17 Syys 202512min

Companies Face Tariff-Induced Transfer Pricing Audit Risks

Companies Face Tariff-Induced Transfer Pricing Audit Risks

President Donald Trump's widespread tariffs are boosting tax dispute risks for companies that are scrambling to understand how to factor the new trade duties into their transfer pricing and tax planni...

12 Syys 202512min

Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season

Enrolled Agents Anticipate IRS Chaos for Next Tax Filing Season

Tax preparers consider themselves foot soldiers on the front lines of Americans' income tax preparations. They provide advice and file the returns, helping the government collect its revenue and ma...

10 Syys 202511min

Congressional Deadline on Shutdown Deal Adds to IRS Challenges

Congressional Deadline on Shutdown Deal Adds to IRS Challenges

Congress is back in session with just a few weeks to reach an agreement before government funding runs out Sept. 30. For IRS watchers, the lack of agreement on how to fund the tax collection agency or...

3 Syys 202512min

IP Poses Risks, Opportunities for Companies' Tariff Planning

IP Poses Risks, Opportunities for Companies' Tariff Planning

As President Donald Trump's tariffs make waves in the world economy, multinational companies are mulling what it could mean for their intangible assets like intellectual property and brand recognition...

29 Elo 202515min

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

KPMG Juggles AI Efficiency Gains With Long-Term Talent Strategy

Big Four accounting firms are racing to integrate next-generation AI technology across their service lines and develop a talent strategy to match the industry's new era. KPMG is focused on making ...

27 Elo 202515min

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Cross-Border Tax Evasion Is an Old Story, Roman Scroll Reveals

Proof from an ancient Roman scroll: As long as there have been taxes, there has been tax evasion. When researchers studied a previously mislabeled scroll, they discovered detailed attorney notes fo...

20 Elo 202514min

Pharmaceutical Companies Navigate Transfer Pricing as Tariffs Loom

Pharmaceutical Companies Navigate Transfer Pricing as Tariffs Loom

Pharmaceutical companies are scrambling to respond to the Trump administration's tariff threats, seeking to mitigate duties on their products while keeping the impact on their tax bills to a minimum. ...

15 Elo 202518min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
ootsa-kuullut-tasta-2
rss-ootsa-kuullut-tasta
tervo-halme
politiikan-puskaradio
rss-vaalirankkurit-podcast
viisupodi
rss-podme-livebox
et-sa-noin-voi-sanoo-esittaa
rss-asiastudio
otetaan-yhdet
the-ulkopolitist
linda-maria
rikosmyytit
radio-antro
rss-sanna-ukkola-show-verkkouutiset
io-techin-tekniikkapodcast
rss-raha-talous-ja-politiikka
rss-tasta-on-kyse-ivan-puopolo-verkkouutiset