SHIELD (or Weapon?): Understanding Biden’s BEAT Repeal/Replace Plan

KPMG Catching Up on Capitol Hill Podcast Episode 12-2021 | Unpacking the acronyms BEAT and SHIELD and the impact of their respective potential repeal and replace

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

Ronald Dabrowski

Ronald Dabrowski

Technical Deputy, Washington National Tax, KPMG US

Podcast overview

President Biden is proposing to repeal the BEAT and to replace it with his SHIELD proposal. This change has major implications for tax reform discussions in the United States but also big implications for tax negotiations abroad.

Listen as John Gimigliano talks to special guests Manal Corwin and Ron Dabrowski as they try and unwind the many facets of BEAT repeal coupled with the development and enactment of SHIELD.


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