Tax Notes Talk

Kimberly Clausing, the Thormund Miller and Walter Mintz Professor of Economics at Reed College, discusses tariffs, free trade, and globalization. She is also the author of the new book, Open: The Progressive Case for Free Trade, Immigration, and Global Capital.

Richard Joslin, a consultant to EnTrustPermal, discusses how the new business loss and interest expense limitations work together and affect other code provisions.

For more details, read Joslin's article in Tax Notes.

Carrie Elliot talks about the changes the Tax Cuts and Jobs Act will bring between now and 2027, including rate increases.

Eric Yauch discusses the final rules on the centralized partnership audit regime.

For additional coverage, read these articles in Tax Notes:

• Audit Regime Raises Need for Appeals Guidance
• Practitioners Suggest Options for Debt Issues in Audit Regime
• Final Audit Regs Put Focus on Debt Mischaracterization
• Final Audit Regs Clarify What’s In, What's Out of New Regime
• New Final Partnership Audit Rules Provide Several Clarifications

Tax Notes contributing editor Benjamin Willis examines the authority of regulators in interpreting statutory tax provisions, especially in the context of the Tax Cuts and Jobs Act as the role of regulations has become more prominent.

Read Willis’s related Tax Notes article.

Robert Goulder discusses the proposal to eliminate the EU's unanimity requirement for tax directives and what that would mean for tax policy.

For additional coverage, read these articles in Tax Notes:

• Should the EU Scrap the Unanimity Requirement?
• Cost of Unanimity on Tax Rules Will Only Increase, Group Says
• Proposal to End EU Unanimity Requirement Coming by Year-End
• EU's Moscovici Says Commission to Propose Qualified Voting on Tax Measures
• News Analysis: Is the End Near for the Unanimity Rule for EU Tax Issues?
  
  
  
  
  
  
  
  
  
  
  

Jonathan Curry takes a fresh look at the tax regulatory review agreement between the Office of Management and Budget and Treasury now that the process has had time to play out.

For further coverage, read these articles in Tax Notes:

• OIRA Review of Tax Regs Presses on Despite Shutdown
• A Look Ahead: Treasury, OIRA to Chart New Territory as Final Regs Flood In
• Treasury, OIRA Still at Odds Over When Tax Regs Merit Review
• Tax Regs Deemed Significant Skyrocket Under New Agenda
  
  
  
  
  
  
  
  
  

Jeremy Scott, Stephanie Cumings, and Andrew Velarde provide a review of what happened with tax legislation and guidance in 2018 and what's ahead in 2019.

For additional coverage, read these articles in Tax Notes:

• Neal Planning for TCJA Hearing by January’s End
• A Look Ahead: Legislators Queuing Up Multiple Retirement Bills
• A Look Ahead: Healthcare Tax Policy Could Stem From Divided Congress
• House Passes GOP Tax Bill With No Hope for Enactment
• A Look Ahead: Awaiting Clarification of 199A and Audit Regime Rules
• A Look Ahead: Questions Abound on Exec Comp Grandfathering Rule
• A Look Ahead: 2019 Should See Final Bonus and Tax Accounting Regs

In the second volume, reporters highlight the quirkiest tax stories of the year.

For coverage of these stories in Tax Notes, see:

• Meals Deduction Guidance Comes Off the Back Burner
• New Business Meals Guidance Creates Substantiation Concerns
• California Pot Money Takes Long, Strange Trip to Bank
• Historic $5.6 Million Washington State Tax Zapper Case Dismissed 
• Cheesecake Factory Asks for Cherry on Top
  
  
  
  
  
  
  
  
  

Reporters highlight the quirkiest tax stories of the year.

As mentioned in the episode, here is a copy of Adolf Hitler's 1926 tax return provided to Tax Analysts.

For coverage of these stories in Tax Notes, see:

• Court Guns Down IRS Arguments Over Deductions for Cowboy Games
• Hitler’s 1926 Tax Return on Sale for $125,000
• Cirque du Soleil Founder’s Space Flight Taxable