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  • Tax Cuts & Reform: Lessons from the 2017 US Tax Law

    187 views 1 month ago
    A major goal of the 2017 Tax Cuts and Jobs Act (TCJA) was to simplify the federal tax code, but how well did it achieve that goal?

    Stay informed with our weekly tax newsletter: https://taxfoundation.org/n...

    While some reforms, including the expansion of the standard deduction and shift to full expensing, made aspects of the tax code simpler, some taxpayers—both individuals and businesses—are still experiencing challenges and confusion.

    Our recent Talking Tax panel of experts discussed the unintended consequences of the TCJA and how they might be remedied in future tax reform, including:

    ➡️ Uncertainty generated by temporary tax provisions and drafting errors like the “Retail Glitch”
    ➡️ Complexity created by a new deduction for pass-through business income, Section 199A
    ➡️ Unintended effects stemming from new business tax policies including GILTI, BEAT, 163J, and others
    ➡️ Complex interactions with federal and state tax codes

    The discussion was be moderated by Scott Hodge, President of the Tax Foundation, and panelists included:

    ➡️ George Callas, Managing Director, Government Affairs & Public Policy, Steptoe & Johnson LLP
    ➡️ Kathy Pickering, Vice President of Regulatory Affairs & Executive Director, The Tax Institute at H&R Block
    ➡️ Kyle Pomerleau, Resident Fellow, American Enterprise Institute
    ➡️ Eric Toder, Institute Fellow and Codirector, Tax Policy Center

    #Tax #Economics #Business Show less
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  • Uploads Play all

    • Tax Cuts & Reform: Lessons from the 2017 US Tax Law - Duration: 1 hour, 2 minutes.

      • 1 month ago
      • 187 views
      A major goal of the 2017 Tax Cuts and Jobs Act (TCJA) was to simplify the federal tax code, but how well did it achieve that goal?

      Stay informed with our weekly tax newsletter: https://taxfoundati...
    • OECD: The Changing Face of International Tax - Duration: 1 hour, 20 minutes.

      • 5 months ago
      • 653 views
      When a business earns profits in a country where it does not have any offices or workers, which country gets to tax those profits?

      Currently, more than 130 countries around the world are negotiati...
    • Taxes and the Gig Economy - Duration: 1 hour, 8 minutes.

      • 5 months ago
      • 371 views
      The past decade has witnessed the emergence of technology platforms that enable workers to directly connect with customers for services ranging from ride sharing to food delivery and short-term ren...
    • Excise Taxes - Talking Tax Reform Panel (2019) - Duration: 1 hour, 2 minutes.

      • 8 months ago
      • 209 views
      #Tax #Revenue #Spending
      Excise taxes, which are applied to items as diverse as alcohol, medical devices, gasoline, and indoor tanning, are an important tool in federal policymakers’ toolkit.

      Desi...
    • Talking Tax: Making Sense of the Tax Code’s Treatment of Education - Duration: 1 hour, 4 minutes.

      • 9 months ago
      • 63 views
      Much of the debate in Washington, D.C. rightly focuses on how the tax code should treat capital investment in machines, buildings, and equipment. But what about the investments businesses make in t...
    • Talking Tax: Taxing the Rich - Duration: 1 hour, 5 minutes.

      • 11 months ago
      • 592 views
      The beginning of 2019 has seen a flurry of proposals to increase taxes on high-income individuals, including an increase in the top income tax rate to 70 percent and a possible wealth tax.

      Our Tal...
    • Talking Tax Reform: Taxing Pass-through Businesses - Duration: 1 hour.

      • 1 year ago
      • 727 views
      The taxation of pass-through business income was a key discussion point during the debate of the Tax Cuts and Jobs Act, leading to the creation of the Section 199A deduction. Proponents argue the n...
    • Talking Tax Reform: Top Tax Issues in 2019 - Duration: 59 minutes.

      • 1 year ago
      • 827 views
      The upcoming 116th Congress will consider a multitude of tax policy questions. Modifications to the Tax Cuts and Jobs Act, infrastructure, and retirement account changes are expected to dominate th...
    • Talking Tax Reform: Reforming the Individual Income Tax - Duration: 49 minutes.

      • 1 year ago
      • 1,980 views
      Talking Tax Reform: Reforming the Individual Income Tax
      What Happened and What’s Next?

      https://taxfoundation.org/tcja/

      The Tax Cuts and Jobs Act (TCJA) made significant changes to the way indivi...
    • Toward an Optimal Tax System, Part 2 (Tax Foundation University 2018: Lecture 5) - Duration: 1 hour.

      • 1 year ago
      • 263 views
      What Might Full-Blown Tax Reform Look Like?
      What Can We Hope to Accomplish by Improving the Tax System?

      The Tax Cuts and Jobs Act amended the income tax, but was not a full-blown reform of the tax...
    • Learning How Taxes Affect the Economy (Tax Foundation University 2018: Lecture 4) - Duration: 46 minutes.

      • 1 year ago
      • 209 views
      Designing an optimal tax system requires a good understanding of how taxes impact the economy, but ideas on how tax policy affects the economy have changed over time.

      This session will review the ...
    • Understanding U.S. International Tax Policy (Tax Foundation University 2018: Lecture 3) - Duration: 41 minutes.

      • 1 year ago
      • 1,955 views
      The Tax Cuts and Jobs Act (TCJA) reformed the way foreign profits of U.S. multinationals are taxed.

      The new tax law moved away from what is called a “worldwide” tax system towards what is a called...
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