Tax Notes Talk

Raymond Stahl of Ernst & Young discusses concerns about the final regulations for claiming foreign tax credits, particularly how they affect creditability, withholding, and treaty benefits. For additional coverage, read these articles in Tax Notes:Yellen Nixes Foreign Tax Credit Reg Delay, Defends OECD TalksTreasury Offers More Details on FTC Royalty Withholding CarveoutValuation Allowances Soften FTC Regs' Blow for Some TaxpayersFTC Analysis Worries Persist in Regs, USCIB Warns U.S. TreasuryTax Treaties May Offer Relief From More Troublesome FTC RegsFTC Regs’ Attribution Requirement Raises Administrability IssuesIn our “In the Pages” segment, Kathleen Wright, director of the state and local tax program in the School of Taxation at Golden Gate University, chats about her Tax Notes piece, “The States’ Response to Wynne Seven Years Later.” Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**For more information about the Christopher E. Bergin Award for Excellence in Writing, visit taxnotes.com/students.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.For more information about the Tax Analysts Public Service Fellowship, visit our press release at taxnotes.com/fellowship.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Johan Langerock, policy adviser in the European Parliament, discusses his visit to Washington, the future of the OECD two-pillar tax plan, and the EU’s green initiative. For additional coverage, read these articles in Tax Notes:DSTs ‘Back on Table’ if U.S. Doesn’t Adopt Pillar 1, MEPs SayEU Stays Focused on Pillar 2 Despite Pillar 1 DelaysPressure Mounts for EU Ministers on Pillar 2 AgreementEU Lawmakers Back Climate Plans but Challenges RemainFollow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**For more information about the Christopher E. Bergin Award for Excellence in Writing, visit taxnotes.com/students.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Tax Notes reporter Benjamin Valdez discusses the Florida legislation eliminating Disney's special tax district, what led to its passage, and what to expect in the future. For additional coverage, read these articles in Tax Notes:Federal Judge Dismisses Taxpayers' Suit Over Disney District BillFlorida Taxpayers Sue Over Disney Tax District DissolutionFlorida Governor Signs Bill to End Disney's Special Tax DistrictFlorida Bill to Eliminate Disney’s Special Tax District Goes to GovernorFlorida Governor Seeks to End Disney’s Special Tax DistrictFollow us on Twitter:Benjamin Valdez: @benmvaldezDavid Stewart: @TaxStewTax Notes: @TaxNotes**For more information about the Tax Analysts Public Service Fellowship, visit our press release at taxnotes.com/fellowship.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Tax Notes reporters Paul Jones and Nathan Richman discuss the $141 million settlement over Intuit’s TurboTax Free Edition program and the potential tax break for Intuit. For additional coverage, read these articles in Tax Notes:TurboTax Settlement May Open the Door to Huge Tax BreakIntuit, States Enter Settlement Over ‘Free File’ ScandalGAO: Taxpayer Use of Free File Waned After Intuit’s ExitIntuit’s Ad Campaign for ‘Free’ Tax Software Draws FTC IreIntuit to Exit Free File AllianceIntuit Fails to Secure Injunction in Tax Prep 'Bait-and-Switch' FightIntuit Free File Arbitration Strategy BackfiresNew York Governor Calls for Investigation of Tax Return PreparersIn our “In the Pages” segment, Allison Christians, the H. Heward Stikeman Chair in Tax Law at McGill University in Montreal, chats about her Tax Notes piece, “Let the GILTI/GLOBE Games Begin.” Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Elodie Lamer and Nana Ama Sarfo of Tax Notes discuss the tax implications of golden visas and passports, which allow affluent foreigners to receive residency or citizenship in exchange for a minimum level of investment. For additional coverage, read these articles in Tax Notes:EU Commission Proposes Thorough Examinations of Golden VisasEU Commission Steps Up Legal Fight Over Maltese Golden PassportsEU Commission Wants to Revoke Golden Passports of Putin AlliesEU Considers Strengthening Security Checks of Golden Visa HoldersItaly and NGOs Call for Open Wealth Registry to Target RussiansAnalysis: Tax Incentives Among the Lures Targeting Digital NomadsVanuatu’s Golden Passport Regime Endangers Agreement With EUEU Greenlights Malta's Plans for Tackling Tax AvoidanceFollow us on Twitter:Elodie Lamer: @ElodieLamerNana Ama Sarfo: @nanaama_sarfoDavid Stewart: @TaxStewTax Notes: @TaxNotes**For more information about the Tax Analysts Public Service Fellowship, visit our press release at taxnotes.com/fellowship. This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Timothy Noonan of Hodgson Russ LLP discusses how some states tax remote employees and the effect of temporary pandemic tax changes. For additional coverage, read these articles in Tax Notes:Bill Seeks to Shield Teleworkers From St. Louis's Earnings TaxAnalysis: The Pandemic’s Tax Fallout ContinuesRemote Work Complicates Employer Tax Compliance, Pressures States to Revise RulesNew York Remote Work Rules Clash With COVID-19 Realities, Experts SayIn our “In the Pages” segment, Doug Borg, a manager in the Washington office of RSM US LLP, chats about his coauthored Tax Notes piece, “Puerto Rico Resident Exemption to Be Focus of IRS Audit Campaign.”Follow us on Twitter:David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Beth Viola and Nicole Elliott of Holland & Knight discuss the latest clean energy tax proposals and the likelihood of their passage in Congress. For additional coverage, read these articles in Tax Notes:Bipartisan Energy Bill May Focus on Carbon Capture CreditsAnalysis: Low-Carbon Hydrogen Credits Break ThroughGreen Tax Credits Spotlighted in State of the UnionFollow us on Twitter:Marie Sapirie: @mariesapirieDavid Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the District of Columbia Bar. For more information, visit dcbar.org.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Valeria Tarasenko of Dentons Kyiv discusses the Ukrainian government’s tax policy changes in response to the Russian invasion. For additional coverage, read these articles in Tax Notes:Ukraine Issues Guidance on Corporate Tax BenefitsArgentina Proposes Tax on Profits of Firms Benefiting From WarICRICT Calls on G-20 to Establish Global Asset RegistryNGOs Highlight Effectiveness of Taxing Russian EnergyBipartisan Bill Targets Foreign Tax Credits in RussiaUkraine Considering Tax Increases for MNEs With Ties to RussiaOECD Expects More Information Requests as War in Ukraine RagesIn our “In the Pages” segment, Robert van Brederode, the founding partner of BrederodeTax LLC, chats about his Tax Notes International article, “Ethical Equilibrium in Taxation.” Follow us on Twitter:Sarah Paez: @PaezWritesDavid Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the UC Irvine School of Law’s Graduate Tax Program. For more information, visit https://ce.uci.edu/?utm_source=TNM&utm_medium=podcast&utm_campaign=2022taxnote.This episode is sponsored by the District of Columbia Bar. For more information, visit dcbar.org.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

IRS Commissioner Charles Rettig discusses the current state of the tax agency, including the paper return backlog, technology improvements, and hiring updates. Listen to the entire interview here: The State of the IRS with Commissioner Charles RettigFor additional  coverage, read these articles in Tax Notes:Rettig Warns Against New Info Reporting Rules Without FundingNew Tax Credits Blamed for Huge Number of 2021 Filing ErrorsNew Hiring Authority Paying Off for IRS, Rettig SaysTaxpayer Advocate Urges Rapid IRS Uptake of Paper-Scanning TechIRS Modernization Has Means but Not Funding, Rettig SaysRettig Makes a Big Backlog Pledge, Defends Audit PrioritiesFollow us on Twitter:Cara Griffith: @TaxCaraGriffithDavid Stewart: @TaxStewTax Notes: @TaxNotesFor more about the Christopher E. Bergin Award for Excellence in Writing, visit taxnotes.com/students.**This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the UC Irvine School of Law’s Graduate Tax Program. For more information, visit https://ce.uci.edu/?utm_source=TNM&utm_medium=podcast&utm_campaign=2022taxnote.This episode is sponsored by the District of Columbia Bar. For more information, visit dcbar.org.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart

Rohit Kumar of PwC discusses the Biden administration’s fiscal 2023 budget, explaining the new proposals and how the budget is different than the Build Back Better Act.For additional  coverage, read these articles in Tax Notes:Tax Pros Eye Biden’s Estate Tax Plans, Shrug Off Billionaire’s Tax White House Seeks Double-Digit Increase in IRS FundingPlans for Taxing the Wealthy and Corporations Grow LargerTreasury Green Book Reveals Major Changes in Tax Goals In our “In the Pages” segment, Tony Santiago, the founder and president of TaxSearch Inc., chats about his series on the hiring and retention of U.S. tax professionals. Read the first article in his series, “Tax Hiring Outlook 2022.” Follow us on Twitter:Jonathan Curry: @jtcurry005David Stewart: @TaxStewTax Notes: @TaxNotes**This episode is sponsored by Avalara. For more information, visit avalara.com/taxnotes.This episode is sponsored by SafeSend. For more information, visit safesend.com.This episode is sponsored by the UC Irvine School of Law’s Graduate Tax Program. For more information, visit https://ce.uci.edu/?utm_source=TNM&utm_medium=podcast&utm_campaign=2022taxnote.This episode is sponsored by the District of Columbia Bar. For more information, visit dcbar.org.***CreditsHost: David D. StewartExecutive Producers: Jasper B. Smith, Paige JonesShowrunner and Audio Engineer: Jordan ParrishGuest Relations: Alexis Hart