Alan Cole, a senior economist at the Tax Foundation, sheds light on the One Big Beautiful Bill Act's international tax provisions. He discusses crucial reforms like GILTI, FDII, and BEAT, emphasizing their impact on multinational corporations. The conversation dives into the contrasting House and Senate perspectives, revealing how political dynamics shaped legislative choices. Cole also examines changes in U.S. tax policy, particularly modifications to the CFC look-through rule, and the rising challenges of digital services taxes for U.S. businesses.
