What if 2021 mixes a red Senate with a blue House – what might be on the tax agenda in that scenario? John Gimigliano speaks with Catching up on Capitol Hill podcast regulars Jen Acuna and Tom Stout about whether a bipartisan tax legislation is possible, and what items could maybe move forward or be total nonstarters. Items such as corporate and individual tax rate cuts and credits, TCJA provisions that are phasing out, extenders, more COVID-19-related relief, and others are examined, in this purple environment. Also, could the OECD’s ongoing negotiations on BEPS 2.0 be the key to unlocking something more profound?
More KPMG Catching Up on Capitol Hill podcast episodes