Tax Notes Talk

Alan Cole of the Tax Foundation discusses the international tax provisions in the One Big Beautiful Bill Act and what may be next for negotiations on a global tax framework.  

For more on international tax and the OBBBA, check out our previous episode, "International Tax in the Reconciliation Bill: House Versus Senate."

For more coverage, read the following in Tax Notes:

• Tax Pros Hope for Regs to Resolve One-Month Deferral Quandary
• What's in a Word? Tax Pros Puzzle Over FTC Allocations
• Analysis: The OBBBA's International Revenue Raisers, Losers, and Fixes
  
  

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• Jonathan Curry: @jtcurry005
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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Producers: Jordan Parrish, Peyton Rhodes
Audio Engineers: Jordan Parrish, Peyton Rhodes

House Ways and Means Committee member Adrian Smith, R-Neb., discusses the One Big Beautiful Bill Act’s accomplishments and what could be next for Congress on tax. 

Check out our interview with Rep. Horsford, "House Taxwriter Talks Democratic Priorities, Responds to OBBBA."

For more coverage, read the following in Tax Notes:

• Lawyers Predict Reconciliation Bill Tax Controversies
• House Appropriators Would Cut IRS Beyond White House's 20 Percent 
• New GOP Tax Law Will Add $3.4 Trillion to the Deficit, CBO Says
• GOP's 'No Tax on Tips' Falls Short for Las Vegas Taxwriter
  
  

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

House Ways and Means Committee member Steven Horsford, D-Nev., discusses the New Democrat Coalition’s tax priorities and the framework the coalition developed as an alternative to the One Big Beautiful Bill Act. 

Check out our break down of the passed legislation, "The One Big Beautiful Bill Act: What Made the Final Cut?"

For more coverage, read the following in Tax Notes:

• One Big Beautiful Bill Redux Could Be '2 Big 2 Beautiful'
• Trump's Order Creates Uncertainty for Clean Energy Tax Credits
• Democrat's Effort to Roll Back Gambling Deduction Cap Fails
• Trump Got His Tax Bill. Now the Task Will Be Implementing It.

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• Katie Lobosco: @KatieLobosco
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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Producers: Jordan Parrish, Peyton Rhodes
Audio Engineers: Jordan Parrish, Peyton Rhodes

Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco explore the final version of the One Big Beautiful Bill Act that President Trump signed into law on July 4.  

For more coverage, read the following in Tax Notes:

• Revenge Tax Ghost Looms Over G7’s Pillar 2 Deal
• Trump Tax Bill Brings State Funding Dilemmas, Conformity Choices
• OBBBA Is the Biggest Tax Bill Ever. Why Doesn’t It Feel Like It?
• Trump Got His Tax Bill. Now the Task Will Be Implementing It.
• Trump Signs Bill to Make Most of TCJA Permanent

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• Cady Stanton: @Cady_Stanton 
• Katie Lobosco: @KatieLobosco
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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

Ryan Minnick of the Federation of Tax Administrators discusses how state tax agencies are approaching artificial intelligence and shares insights from the FTA’s upcoming briefing paper on generative AI and its 2024 tax agency survey. 

For more coverage, read the following in Tax Notes: 

• California Tax Agency Ramping Up for Generative AI
• State Tax Administrators Are Studying the Use of Generative AI

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• Emily Hollingsworth: @EmilyHoll9
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Credits
Host: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Producers: Jordan Parrish, Peyton Rhodes
Audio Engineers: Jordan Parrish, Peyton Rhodes

Tax Notes investigations editor Lauren Loricchio discusses Treasury’s information sharing agreement with the Department of Homeland Security and its implications for immigrants. 

Read Loricchio's full story in Tax Notes, "Information Sharing Deal Complicates Immigrant Return Filing."

For more on what's been happening at the IRS, check out our previous episodes:

• Past IRS Commissioners Analyze Agency Changes Under Trump
• IRS Automated Guidance: Pros and Cons
• Behind the Story: Investigating the Faults in the IRS's FOIA System
• The Latest at the IRS: Personnel Changes, More Staff Reductions

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• Lauren Loricchio: @LaurenLoricchio
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Have you or a peer made a lasting impact on state and local tax policy? Nominations for the 2025 Tax Analysts State and Local Tax Award of Distinction are open. For more information or to nominate someone, go to taxnotes.co/awards.

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

Jonathan Samford and Kevin Klein of the Global Business Alliance discuss the proposed section 899 retaliatory tax and other international tax provisions included in the Senate version of the One Big Beautiful Bill Act. 

For more on the bill, check out our previous episodes:

• In The Zone: Changes to Opportunity Zones in the House Budget Bill
• One Big Beautiful Bill: Breaking Down the House Tax Package
• The House Budget Bill’s Clean Energy Tax Credit Changes

For more coverage, read the following in Tax Notes:

• Senate GOP Opts for International Tax Regime Redesign
• Expect More Changes in Reconciliation Tax Bill, Senators Say
• U.K. Worried About U.S. Revenge Tax, OECD Pillar Negotiations

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• David Stewart: @TaxStew
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Have you or a peer made a lasting impact on state and local tax policy? Nominations for the 2025 Tax Analysts State and Local Tax Award of Distinction are open. For more information or to nominate someone, go to taxnotes.co/awards.

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

Jessica Millett of Hogan Lovells discusses the proposed changes to the Opportunity Zone program under the House version of the One Big Beautiful Bill Act and how the Senate might react.

For more on the One Big Beautiful Bill Act, check out our previous episodes:

• One Big Beautiful Bill: Breaking Down the House Tax Package
• The House Budget Bill’s Clean Energy Tax Credit Changes

For more coverage, read the following in Tax Notes:

• Several Tax Issues Remain Unresolved for Senate Republicans
• Analysis: New Opportunities for Opportunity Zones in the Big Beautiful Bill

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• Marie Sapirie: @mariesapirie
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• Tax Notes: @TaxNotes

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Have you or a peer made a lasting impact on state and local tax policy? Nominations for the 2025 Tax Analysts State and Local Tax Award of Distinction are open. For more information or to nominate someone, go to taxnotes.co/awards.

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

Former IRS Commissioners Lawrence Gibbs, John Koskinen, Charles Rettig, and Daniel Werfel share lessons learned from their tenures and predictions for the agency's future under the new administration. 

For the full discussion, check out our Taxing Issues episode, "Reimagining the IRS: A Historic Conversation."

For more coverage, read the following in Tax Notes:

• IRS Clawback Fight Moves to Reconciliation, Appropriations
• Senate Panel Advances IRS Nominee; Final-Vote Timeline Unclear
• Trump Proposal Would Eclipse Scandal-Era Cuts to IRS Enforcement
• Former Officials Troubled by Pace of IRS Data Sharing Efforts

Follow us on X:

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

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Have you or a peer made a lasting impact on state and local tax policy? Nominations for the 2025 Tax Analysts State and Local Tax Award of Distinction are open. For more information or to nominate someone, go to taxnotes.co/awards.

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

Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads to the Senate.

Listen to our previous episode on the bill's clean energy credit changes, "The House Budget Bill’s Clean Energy Tax Credit Changes."

For more coverage, read the following in Tax Notes:

• Senate Must Make Tricky Process Decision for Tax Bill Changes
• House Adds Tweak to Partnership Disguised Sale Statute
• Senators Eye Changes to SALT Cap, Permanency in Tax Bill
• House Adds Head-Scratching Tweaks to International Tax Regime

Follow us on X:

• Cady Stanton: @Cady_Stanton 
• Katie Lobosco: @KatieLobosco
• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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Have you or a peer made a lasting impact on state and local tax policy? Nominations for the 2025 Tax Analysts State and Local Tax Award of Distinction are open. For more information or to nominate someone, go to taxnotes.co/awards.

***

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