Navigating Complexities in Tax Policy Negotiations

Delve into the challenges of passing legislation in the Senate, including the need for a simple majority and alignment with 'pillar two.' Explore the disconnect between the administration and Congress on international tax negotiations, highlighting the implications for tax policy changes and global income calculations. The chapter also discusses the implications of deferring the top-up tax by US multinationals, potential shifts in tax policies, and crucial tax policy issues affecting taxpayers, tech companies, and foreign subsidiaries.