US Tax Carve-Out Beats Retaliation, OECD Business Rep Says
Talking Tax21 Jan

US Tax Carve-Out Beats Retaliation, OECD Business Rep Says

A global minimum tax deal that exempts American companies from key provisions is a better outcome for European business than the alternative of US retaliatory taxes, the co-chair of the OECD’s business committee said. The package agreed to this month by more than 145 countries at the Organization for Economic Cooperation and Development headed off a threat of steep US taxes on foreign companies if global concessions weren’t made. In this episode of Talking Tax, Christian Kaeser, global head of tax at Siemens AG, told Bloomberg Tax reporter Ryan Hogg that some of his European counterparts regarded the deal as “lopsided” but welcomed new permanent safe harbors that were created with input from Business at OECD, known as BIAC. Kaeser is co-chair of BIAC’s tax committee. “I’m pretty happy with the outcome,” he said. Competitive disparities created by the deal can be remedied by simplification of the EU’s own rules, including scrapping of the bloc’s controlled foreign companies anti-tax avoidance regime, he said. As for Pillar One, the other main part of a 2021 OECD-led tax agreement, Kaeser saw little hope. Further talks on the pillar, which would reallocate taxing rights to countries where big companies make their profits, have stalled for years. It “should be called Pillar Zed, zed for zombie,” he said. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

Episoder(430)

IRS Workforce Cuts to Impede Progress on AI, Modernization

IRS Workforce Cuts to Impede Progress on AI, Modernization

Deep cuts to the IRS workforce mean the agency might have to rely more heavily on technology to keep up taxpayer services and enforcement. The IRS is set to lose 20,000 workers after the Trump admi...

16 Apr 202520min

Tariffs, Trump's Global Tax Snub Hit OECD Negotiations

Tariffs, Trump's Global Tax Snub Hit OECD Negotiations

The Trump administration's massive new tariff pronouncements, on top of its pullback from the OECD’s global tax deal, have cast doubt on the future of global tax policy efforts.   The two-pillar OECD...

9 Apr 202530min

What the Changing IRS Workforce Means for Taxpayers

What the Changing IRS Workforce Means for Taxpayers

The hard-charging effort led by billionaire Elon Musk to reshape the federal workforce at the IRS and other agencies might lead to lasting changes. But what it means for taxpayers still isn't fully re...

2 Apr 202520min

Corporate Transparency Act Rules Rollback Shakes Suits

Corporate Transparency Act Rules Rollback Shakes Suits

Millions of US companies are off the hook when it comes to disclosing their beneficial owners' identities to the federal government, after the Trump administration announced it wouldn't enforce penalt...

26 Mar 202515min

Tax Cuts, Credits Hang in Balance for NY Budget Talks

Tax Cuts, Credits Hang in Balance for NY Budget Talks

New York officials are in the final stage of the state’s budget process, following March 13 passage of the Assembly and Senate individual spending and revenue proposals for fiscal 2026. It's now up t...

19 Mar 202517min

Tariffs Shake Up Companies' Transfer Pricing Planning

Tariffs Shake Up Companies' Transfer Pricing Planning

Tax departments at multinational companies are scrambling to keep up with the Trump administration's tariff announcements as the updates pile in day to day and sudden shifts complicate transfer pricin...

12 Mar 202524min

Treasury Equity Hub Caught in Trump's DEI Crosshairs

Treasury Equity Hub Caught in Trump's DEI Crosshairs

President Donald Trump's early executive order to end federal diversity, equity, and inclusion programs upended at least one team in the Treasury Department. The Treasury Equity Hub, formed in 2021, e...

5 Mar 202515min

US Audit Board's Future Depends on Trump, GOP Moves

US Audit Board's Future Depends on Trump, GOP Moves

The US audit board has already been forced to revise its priorities as the Trump administration begins to reshape the federal government. The Public Company Accounting Oversight Board pulled an audito...

26 Feb 202517min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
stopp-verden
popradet
i-retten
lydartikler-fra-aftenposten
det-store-bildet
dine-penger-pengeradet
rss-gukild-johaug
nokon-ma-ga
hanna-de-heldige
rss-ness
aftenbla-bla
rss-dannet-uten-piano
grasoner-den-nye-kalde-krigen
frokostshowet-pa-p5
fotballpodden-2
unitedno