Tax Notes Talk

Professor Clint Wallace of the University of South Carolina School of Law discusses his argument for using tax policy to reinforce democracy.

For more, read Wallace's article, "A Democratic Perspective on Tax Law."

Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

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 Europe
• Once Upon a Time: Bipartisan Senate Group OK’d $40B for IRS
• State SALT Workarounds Cost Feds at Least $10 Billion Annually
• Democrats Drew Line in Sand for IRA Provisions but Left IRS Out
• Endgame for Tax Legislation Extra Murky as Budget Impasses Loom
• R&D Expensing Revamp Tops Wish List for Year-End Tax Talks
• One Year Later, IRA’s Clean Energy Credits Remain Unknown to Many
• GOP SALT Cap Plans Overwhelmingly Benefit Wealthy, Report Says

Follow us on Twitter:

• Cady Stanton: @cady_stanton
• Doug Sword: @doug_sword
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

**
This episode is sponsored by Practising Law Institute. For more information, visit pli.edu/taxstrategies23.

***
Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

John McGowan of HubSync discusses artificial intelligence and its role in the tax field.

For additional coverage, read these articles in Tax Notes:

• AI in the DOR: State Tax Departments Ponder Use of Artificial Intelligence
• IRS Working to Deploy AI Algorithms and Models
• AI Programs Not Reliable Enough Yet for Tax Work, Attorney Says 

Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

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 Progress
• Analysis: OECD Agreement on Amount B Tax Deal Remains Elusive

Follow us on Twitter:

• Ryan Finley: @ryanmfinley
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest 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 Says
• IRS May Face Constraints in Quest to Curb ERC Abuse
• W&M Panel Considers Amnesty for Fraudulent ERC Payments
• Werfel Drops Hint, Seeks Early End to Employee Retention Credit
• IRS Zeroes In on Erroneous Employee Retention Credit Claims
• IRS Hard Line on ERC Eligibility Earns Kudos From Tax Pros
• Payroll Companies Likely Contributing to Mistaken ERC Claims

In 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: @MullaneyWrites
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

Tax Notes White House reporter Alexander Rifaat discusses the Biden administration’s economic plan called “Bidenomics” and its effect on tax.

For additional coverage, read these articles in Tax Notes:

• National Economic Council Touts Impact of Biden Tax Incentives
• Biden Extols the Virtues of ‘Bidenomics’
• Treasury Links Construction Surge to CHIPS and IRA Credits

Follow us on Twitter:

• Alex Rifaat: @alexrifaat
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

Manal Corwin, the new director of the OECD's Centre for Tax Policy and Administration, discusses her vision for the organization and the latest updates on the inclusive framework and two-pillar project.

For additional coverage, read these articles in Tax Notes:

• Vietnam Proposes Global Minimum Tax Rules to Apply in 2024
• BIAC Calls for More Consultations on Global Minimum Tax Rules
• U.K. Adopts Accounting Standard Changes for Pillar 2 Tax Rules
• Beyond the Numbers: Another Look at the JCT Pillar 2 Report
• Digital Taxes Won’t Go Away Anytime Soon, U.N. Official Says
• Autonomous Business Activities Exempt From OECD Amount A Tax Rules
• OECD Seeks Simpler Transfer Pricing With Amount B Consultation
• Countries Advance Pillar 1 Adoption, Extend Digital Tax Freeze

Follow us on Twitter:

• Stephanie Soong: @StephanieSoong
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

Professor Hank Adler of Chapman University discusses the income realization requirement dispute in the transition tax case Moore v. United States before the Supreme Court, and its implications on the U.S. tax system.

For additional coverage, read these articles in Tax Notes:

• News Analysis: Limiting the Fallout From Moore
• Supreme Court to Hear Transition Tax Case With Vast Implications

Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

Marna Ricker, EY’s global vice chair of tax, discusses how international tax advisers and corporate tax clients have handled recent tax reforms and what to expect next.

For additional coverage, read these articles in Tax Notes:

• Extended OECD Digital Tax Ban Will Hurt Canada, Freeland Says
• Countries Advance Pillar 1 Adoption, Extend Digital Tax Freeze
• European Tech Companies Push for EU Action on Digital Taxes
• Australia Mulls More Pillar 2 Deferred Tax Break Disclosure Rules

Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart

Professors Kathleen DeLaney Thomas and Erin Scharff discuss fake tax news and the effect it has on public policy.
 
For more, read the professors' article "Fake News and the Tax Law."

Follow us on Twitter:

• Robert Goulder: @RobertGoulder
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner and Audio Engineer: Jordan Parrish
Guest Relations: Alexis Hart