PODCAST

The What-If Scenario: Is Failure an Option?

KPMG Catching Up on Capitol Hill Podcast Episode 24-2021 | What are the possible consequences if Congress fails to pass a tax bill?

John P. Gimigliano

John P. Gimigliano

Principal, Washington National Tax, KPMG US

+1 202-533-4022

Jennifer Acuna

Jennifer Acuna

Principal, Washington National Tax, KPMG US

+1 202-533-3800

Ronald Dabrowski

Ronald Dabrowski

Principal, Technical Deputy, Washington National Tax, KPMG US

Podcast overview

Much ink has been spilled in speculating what the tax world would look like if some or all of the Biden tax plan is enacted. But if Congress fails to pass a tax bill altogether, what then? Is this a realistic possibility? And if so, what are the consequences for taxpayers at home and abroad?

This week John Gimigliano, Ron Dabrowski, and Jen Acuna discuss the scenario where Congress fails to enact any changes this year and try to decipher what that could mean for 2022, the OECD BEPS 2.0 project, and items scheduled to phase in or to expire in the near future. 

 

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