Tax Notes Talk

Tax Notes reporter discusses the EU's plan for simplifying corporate taxation, known as the BEFIT initiative. The podcast explores topics such as the B-Fit proposal, the common consolidated corporate tax base, simplifying corporate taxation in the EU, the EU Commission's corporate tax proposals, and the next steps in implementing the corporate taxation plan in the EU.

Professor Jeremy Bearer-Friend of the George Washington University Law School discusses poll taxes in the 20th century and how they were used to target taxpayers based on race and ethnicity. For more, read Bearer-Friend's article, "Race-Based Tax Weapons."Listen to more Tax Notes Talk episodes from our critical tax theory series:Examining Treasury’s Review of Racial Bias in the U.S. Tax CodeIs IRS Tax Enforcement Colorblind?State Tax Authority and Native Americans: Complex and ConvolutedWealth, Inequality, and Taxes in the U.S.Feminism and the Tax CodeTaxes and the LGBTQ CommunityAddressing Racial Inequity in State and Local Tax PolicyThe Tax Code and Economic Justice in AmericaHow Racial Diversity Shaped U.S. International Tax PolicyFollow us on Twitter:Joe Thorndike: @jthorndikeDavid Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by the University of California Irvine School of Law Graduate Tax Program. For more information, visit law.uci.edu/gradtax.This episode is sponsored by the University of Cincinnati. For more information, visit online.uc.edu/taxation.This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Robert Kerr, formerly with the IRS and now with Kerr Consulting, discusses latest developments from the IRS, including the tax agency’s plans for a government shutdown and its handling of the employee retention credit. For additional coverage, read these articles in Tax Notes:Looming Shutdown Threatens to Derail IRS’s ProgressIRS Isn’t Shutdown-Proof After AllIRS to Scale Back EITC Audits, Citing Racial DisparitiesNTEU: IRS’s Push to Hire 3,700 Auditors Is Doable but DifficultIRS Floats Adding Partnerships to Prefiling Compliance ProgramIRS Hopes to Sic 3,700 New Revenue Agents on Big BusinessesIRS Halts ERC Claims Processing Amid ‘Tsunami’ of FraudFollow us on Twitter:Jonathan Curry: @jtcurry005David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Garrett Brodeur, a tax attorney based in Washington, D.C., discusses the recently released proposed regulations for the cryptocurrency industry and their potential effect on digital asset transactions. For additional coverage, read these articles in Tax Notes:Tax Pros Wary of Overly Inclusive Crypto Reporting RegsDecentralized Exchanges Considered Brokers Under Proposed RegsProposed Regs Provide Guidance on Digital Asset Sales and ExchangesFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the IRS’s decision to delay implementation and the tax community’s response. For more on the foreign tax credits, listen to "The Final Foreign Tax Credit Rules: Complaints and Confusion."For additional coverage, read these articles in Tax Notes:IRS Says It Anticipates Extending FTC Relief Notice Another YearTreasury to Publish FTC Guidance on Pillar 2 Taxes by Year-EndGOP Taxwriters to Air Grievances to OECD Leaders in EuropeSilicon Valley Asks IRS to Extend Foreign Tax Credit ReliefJohnson & Johnson Sees $500 Million Tax Benefit From FTC Reg DelayIRS Offers Temporary Relief From Foreign Tax Credit RulesIn our “Editors’ Corner” segment, Christopher Moran, counsel at Venable LLP in Baltimore, chats about his coauthored Tax Notes piece, “Proposed Energy Credit Regulations Limit Clean Energy Investment.” Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Exploring the connection between tax policy and democracy, including the impact of tax secrecy jurisdictions. Analyzing how tax policies in democratic countries are misaligned with democratic goals. Discussion on the negative perception of taxes and its relationship with democracy. Proposing a new approach to tax reform and exploring ideas from other countries. Introduction of a new segment and announcement of the addition of 'procedurally taxing' to the tax note suite of federal products.

Tax Notes Capitol Hill reporters Cady Stanton and Doug Sword preview what to expect from Congress in tax policy this fall, from a potential end-of-year tax package to IRS funding. For additional coverage, read these articles in Tax Notes:GOP Taxwriters to Air Grievances to OECD Leaders in EuropeOnce Upon a Time: Bipartisan Senate Group OK’d $40B for IRSState SALT Workarounds Cost Feds at Least $10 Billion AnnuallyDemocrats Drew Line in Sand for IRA Provisions but Left IRS OutEndgame for Tax Legislation Extra Murky as Budget Impasses LoomR&D Expensing Revamp Tops Wish List for Year-End Tax TalksOne Year Later, IRA’s Clean Energy Credits Remain Unknown to ManyGOP SALT Cap Plans Overwhelmingly Benefit Wealthy, Report SaysFollow us on Twitter:Cady Stanton: @cady_stantonDoug Sword: @doug_swordDavid Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

John McGowan of HubSync discusses the role of artificial intelligence in the tax field. Topics include how AI can enhance tax processes, the impact of generative AI in tax and accounting, limitations of AI in data security and ethics, the future of AI technology, and addressing skepticism about job displacement.

Tax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it. For additional coverage, read these articles in Tax Notes:Analysis: Scoping-Criteria Dispute Overshadows Amount B ProgressAnalysis: OECD Agreement on Amount B Tax Deal Remains ElusiveFollow us on Twitter:Ryan Finley: @ryanmfinleyDavid Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart

Tom Cullinan, a former IRS official now with Chamberlain Hrdlicka, discusses the basics of the employee retention credit, the recent rise in misleading promotions and fraudulent ERC claims, and the IRS’s response.For additional coverage, read these articles in Tax Notes:Employee Retention Credit a ‘Great Concern’ for IRS, Werfel SaysIRS May Face Constraints in Quest to Curb ERC AbuseW&M Panel Considers Amnesty for Fraudulent ERC PaymentsWerfel Drops Hint, Seeks Early End to Employee Retention CreditIRS Zeroes In on Erroneous Employee Retention Credit ClaimsIRS Hard Line on ERC Eligibility Earns Kudos From Tax ProsPayroll Companies Likely Contributing to Mistaken ERC ClaimsIn our “Editors’ Corner” segment, Naomita Yadav, a partner at Withers in San Francisco, chats about her Tax Notes piece, “Sparing No One: Cross-Border Taxation of Globally Mobile Individuals,” the second in a two-part series. Follow us on Twitter:Caitlin Mullaney: @MullaneyWritesDavid Stewart: @TaxStewTax Notes: @TaxNotes***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner: Jordan ParrishAudio Engineers: Jordan Parrish, Peyton RhodesGuest Relations: Alexis Hart