The Made in America Tax Plan Webcast Series
Posted on May 11, 2021 in Presentations
| This three-part series focused on President Biden’s Made in America Tax Plan and addressed changes to federal provisions, energy taxes and changes for companies with non-US operations. April 21 | An Overview of the Legislation Highlighting Key Federal Tax Provisions As part of Biden’s American Jobs Plan, the President has rolled out his opening offer to change the American corporate tax rules to incentivize job creation and investment in the United States, reduce and prevent profit shifting outside the United States, and promote tax equity. Entitled the “Made in America Tax Plan,” the package reiterates much of the President’s campaign tax policy objectives, while also providing greater detail regarding the specific targets of legislative reform. This opening conversation from Eversheds Sutherland attorneys Ellen McElroy and Michael Resnick explores background to the Made in America Tax Plan, focusing on key federal tax provisions, and current expectations regarding upcoming legislation. April 22 | An Earth Day Review of Potential Energy Tax Changes Companies with ESG (environmental, social and corporate governance) and other sustainability initiatives, utilities, renewable and alternative energy developers and investors and others interested in the energy sector must stay apprised of the potential upcoming tax changes. This panel, featuring Eversheds Sutherland Partners Brad Seltzer and Amish Shah, reviews the energy related provisions put forth by the Biden Administration and in significant recent legislative bills and the implications of these possible changes. April 28 | Tax Reform Part Deux: Multinational Boogaloo In this session, Eversheds Sutherland Partners Robb Chase, Taylor Kiessig and Mary Monahan provide their views regarding proposals made by the Administration and in Congress to reform the tax rules relevant to multinationals with US operations. The proposals, if enacted, would make significant changes to the GILTI rules that were enacted as part of the TCJA, as well as to FDII. Amendments to the existing BEAT rules are also targeted in these reform efforts. The discussion addresses the distinctions in approach taken by the Administration and Congress, and highlights where there are areas of common ground. The panelists also discuss how these proposals interact with the Administration’s efforts in respect of the OECD Inclusive Framework, including the push toward a global minimum tax. |