PODCAST

Biden Tax Plan: The Jobs Offshoring Tax Penalty

KPMG Catching Up on Capitol Hill Podcast Episode 05-2021 | Shedding some light on the "Buy American" jobs offshoring tax penalty in the Biden tax plan

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

Jennifer Acuna

Jennifer Acuna

Principal, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-3800

Thomas Stout

Thomas Stout

Director, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-4148

Podcast overview

This week, the Catching Up on Capitol Hill team revisits the Biden tax plan. John Gimigliano, Jen Acuna, and Tom Stout discuss a proposal not yet explored—Biden’s proposal to create a 10 percent tax penalty on companies that move jobs out of the United States. Tune in to hear the team discuss how it would work and when we might get more details on the proposal. 

 

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