Cross-border Tax Talks
US Election Watch: Tax Implications
Aug 14, 2024
Doug McHoney, PwC’s International Tax Services Global Leader, teams up with Janice Mays, a veteran of tax policy with 40 years in government. Together, they dissect how the upcoming U.S. elections could reshape tax policy. They discuss key Senate and House races to watch, explore bipartisan challenges in tax reform, and examine the potential effects of election outcomes on corporate tax rates. The conversation also tackles the complexities of the GUILTY proposal and its implications for corporate adaptation amidst shifting political dynamics.
38:11
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Quick takeaways
- The upcoming US election may alter tax policy directions significantly, affecting potential expirations of the 2017 Tax Cuts and Jobs Act provisions.
- Electoral outcomes could shape the US stance on OECD’s Pillar 2 framework, impacting multinational corporations based on party control dynamics.
Deep dives
Impact of the Pillar 2 Engine on Tax Compliance
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