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Tax News & Views webcast
Be the first to know about new tax legislation
Proposals and tax policy changes can happen at any time. Deloitte’s Tax News & Views webcast series is your go-to source for timely updates on tax legislative and regulatory developments, providing you with information to keep current on tax changes.
Explore content
- About the series
- Tax policy developments: An update
- The OECD Pillar One and Pillar Two implementation plan: What’s next?
- Clean energy credits and incentives in the Green Book and other legislative proposals
- Green Book and the legislative process
About the series
Deloitte’s Tax News & Views webcast series will keep you up to date on the latest legislative and regulatory developments. Be sure you receive invitations to Tax News & Views webcasts by marking "tax" as an area of interest in your Deloitte.com profile.
New Pillar Two Administrative Guidance: Clarity with complexity
Date: January 23, 2024; 2:00 p.m. ET
Duration: 60 minutes
Host: Adam Moehring
Presenters: Ryan Bowen, Sarah Custer, Bob Stack, and Carrie Walker
In December 2023, the OECD/G20 Inclusive Framework (IF) released additional guidance on the interpretation and application of the Pillar Two global minimum tax rules. The new Administrative Guidance focuses on the country-by-country reporting (CbC) safe harbor, including some expansion of the relief it provides. What does the new guidance clarify, and how complex is it? We’ll discuss:
- The highlights of the new rules as they relate to the CbC safe harbor
- The rules for pushing down GILTI taxes when controlled foreign corporations qualify for the CbC safe harbor
- Newly introduced anti-avoidance rules
Participants will examine the impact of the new Administrative Guidance on US and foreign companies.
Translating the section 987 regulations for multinationals
Date: December 6, 2023; 11:00 a.m. ET
Duration: 60 minutes
Host: Adam Moehring
Presenters: Michael Mou, Paul Vitola, Aziza Yuldasheva
Newly proposed regulations address computing taxable income, translating tax basis, and recognizing currency gain or loss for qualified business units operating in different functional currencies. The new rules significantly change final currency regulations issued in 2016 and 2019 and would apply more broadly. They would also significantly change the methods most taxpayers use today to comply with section 987. We’ll discuss:
- Newly introduced elections, loss limitation rules, and other provisions
- Transitioning to the new rules and coordinating with other tax rules
- Effects of the new rules on tax compliance and provisions
Participants will review the impact of the new 987 regulations on US and foreign companies operating in multicurrency environments.
New York State business corporation franchise tax proposed regulations
Date: November 8, 2023; 11:00 a.m. ET
Duration: 60 minutes
Host: Adam Moehring
Presenters: Mary Jo Brady, Donald Roveto, Jack Trachtenberg
On August 9, 2023, the New York State Department of Taxation and Finance published proposed business corporation franchise tax regulations that, once promulgated, will formally interpret the expansive corporate income tax reforms adopted by the Legislature in 2015. In this webcast, we’ll discuss:
- The current state of the proposed regulations
- The potential effective date and retroactive application of the proposed regulations
- Potential areas of ambiguity and dispute
- Considerations potentially affecting prior return positions, ongoing audits, and financial statement reserves
After attending this session, participants will be able to discuss the potential impacts of the proposed regulations and identify action items they should be considering now in anticipation of their adoption.
Tax policy update: Digital asset reporting regulations issued
Date: September 13, 2023; 3:00 p.m. ET
Duration: 60 minutes
Host: Rob Massey
Presenters: Denise Hintzke, Susan Segar, Erin Fennimore, VP of Tax Solutions, TaxBit
The IRS and the US Department of the Treasury issued the long-anticipated proposed regulations under Sections 6045 and 6050W providing guidance for information reporting of digital assets. These regulations require brokers to report digital asset transactions by customers on or after January 1, 2025, on new Form 1099-DA. We’ll discuss:
- Key aspects of the new regulations for information reporting on digital asset sales, transfers, and other dispositions
- Types of reportable digital assets
- Parties responsible for documenting, withholding, and reporting
- Requirements for accurate and timely reporting
- Deloitte’s alliance with TaxBit will provide perspectives on the impact to this industry
Participants will assess the implications of the newly proposed regulations and how to address them.
OECD Pillar One and Pillar Two: Coming into focus
Date: August 17, 2023, 11 a.m. ET
Duration: 60 minutes
Host: Chad Hungerford
Presenters: Ryan Bowen, Bob Stack, William C Zimmerman
On July 17, 2023, the OECD/G20 Inclusive Framework released a public consultation document containing updated design elements of Amount B of Pillar One, as well as extensive Pillar Two administrative guidance. How will these updates affect multinational entities? We’ll discuss:
- Scoping criteria, pricing methodology documentation, and tax certainty considerations as described by the OECD for Pillar One Amount B
- New detail on currency conversion rules, tax credits, application of the Qualified Domestic Minimum Top-up Tax, safe harbors, and the Subject to Tax Rule
- The GloBE Information Return
Participants will review the new Pillar One Amount B framework, changes to the GloBE Rules, and requirements of the GloBE Information Return.
New IRS guidance addresses direct-pay and transferability of clean energy credits
Date: June 28, 2023; 11 a.m. ET
Duration: 60 minutes
Host: David Yaros
Presenters: Christine Brynaert, Gary Hecimovich, and Michael Kohler
On June 14, 2023, the Treasury and IRS released proposed and temporary regulations addressing the direct-pay and transferability of clean energy credits. We’ll discuss:
- An overview of the temporary and proposed regulations
- Considerations specific to tax credit buyers
- Considerations specific to tax credit sellers
- Considerations specific to tax-exempt entities claiming direct payments
- Considerations specific to partnerships and LLCs
Participants will develop insights into the new regulations, which will help determine the potential impact on their organizations.
Mastering OECD Pillar Two: Technology, planning, and tax provision
Date: May 15, 2023; 2:00-3:30 p.m. ET
Duration: 90 minutes
Host: Evan Shea
Presenters: Ryan Duchene, Jim Petrie, Chad Hungerford
1.5 Overview CPE credit | Taxes
Talk of Pillar Two is everywhere, and multinational companies must act now to make it part of their business DNA. Join us for a deep dive that will take you from awareness to action. We’ll discuss:
- Technology and data requirements for Pillar Two analysis and compliance
- Planning for Pillar Two impact while setting the stage for growth
- Tax provision processes to account for Pillar Two in financial statements
Participants will gain insights into technology and data requirements for OECD Pillar Two, identify planning considerations to enhance business outcomes in the Pillar Two world, and articulate how to account for Pillar Two in their tax provision.
OECD Pillar Two: The future is now
Date: May 10, 2023; 11 a.m. ET
Host: Doug Van Dyke
Presenters: Bob Stack, Ryan Bowen
Implementation of OECD Pillar Two has shifted from abstraction to reality, and it’s essential that multinational businesses understand how and where this fundamental global tax reform is being adopted. In this webcast, we’ll discuss:
- The Transitional Safe Harbor framework and GloBE Information Return draft released in December 2022
- Pillar Two Administrative Guidance issued in February 2023
- Future developments, including the timeline for the Income Inclusion Rule and Undertaxed Profits Rule
Participants will be able to describe the latest Pillar Two developments, articulate how these developments may impact their organization, and identify next steps for compliance and risk mitigation.
OECD Pillar One – Amount B: What is the state of play?
Date: January 20, 2023; 11:00 a.m. ET
Host: Firas Zebian
Presenters: Bob Stack, Alison Lobb, William Zimmerman
On December 8, 2022, the OECD published a consultation document on the main design elements of Pillar One – Amount B, which outlines a new process for pricing baseline distribution activities in accordance with the arm’s-length principle. How will this process unfold for businesses, and will it achieve the desired simplification of transfer pricing for multinationals and tax authorities? We’ll discuss:
- The scope of Amount B, including the transactions it will affect and the scoping criteria laid out in the consultation document
- Local file documentation requirements
- Implementation timeline and framework
In this session, participants will gain insights into how Amount B may affect the transfer pricing of intragroup transactions.
Sustainability-related tax provisions in the Inflation Reduction Act
Date: October 26, 2022; 3:00 p.m. ET
Host: Doug Van Dyke
Presenters: Carl Obradovich, Linda Bonelli, Michael Krajcer, Jaime Park, Gary Hecimovich
On August 16, 2022, President Biden signed into law the Inflation Reduction Act (the “Act”), which includes incentives to promote climate change mitigation and clean energy. The Act includes significant changes to credit eligibility requirements and new options for credit utilization that will meaningfully impact the project finance and development landscape of the energy transition. We’ll discuss:
- Enhanced sustainability incentives, including increased credit amounts tied to new requirements
- New options for using certain tax credits, including provisions for direct pay elections, credit transferability, and a 3-year credit carryback provision
- Impact to state and local sustainability incentives, as well as perspective on the impact of the Act on global credits and incentives
Participants will be equipped with advanced perspective to aid key stakeholders at their organization to not only understand the new law, but also delineate what tax changes may impact their organizations and how to be prepared to deal with those changes.
OECD finalizes CARF and amendments to CRS
Date: October 24, 2022; 10:00 a.m. ET
Host: Denise Hintzke
Presenters: Jonathan Cutler, Tim Rappoccio, and Mark Schofield
On October 10, the OECD finalized the framework for reporting and information exchange on digital asset investments. This provides clarity on crypto tax reporting rules. During this webcast, we will:
- Discuss the Crypto-Asset Reporting Framework (CARF) reporting rules and the four pillars
- Compare the OECD’s regime to the US digital asset reporting regime set forward under the Infrastructure Investment and Jobs Act of 2021
- Review the main areas of focus in the Common Reporting Standard (CRS) amendments
Participants will gain a deeper understanding of the key aspects of information reporting for digital assets and related transactions contained in CARF and the adjusted due diligence procedures in the CRS amendment.
Inflation Reduction Act of 2022
Date: August 12, 2022, 11:00 a.m. ET
Host: Doug Van Dyke
Presenters: Christian Miller, Carl Obradovich, Bob Stack, Jon Traub, Ryan Bowen
The Inflation Reduction Act (IRA) of 2022 bill passed the Senate on August 7, and once again tax legislation is at the forefront of people’s minds. In this webcast, we’ll discuss:
- The current state of the IRA
- An overview of three key tax aspects of the IRA: renewable energy provisions, stock buyback excise tax, and the corporate minimum tax
Participants will be equipped with information they need to help key stakeholders understand the fast-moving bill, anticipate what tax changes may impact their organizations, and how to be best positioned to deal with those changes.
The OECD Pillar One and Pillar Two implementation plan: What’s next?
Date: October 20, 11 a.m. ET
Host: Mark Graham, principal, Deloitte Tax LLP
Presenters: Bob Stack, Alison Lobb, Ryan Duchene, and Ryan Bowen
The OECD and G20 Inclusive Framework recently released a political agreement and an implementation plan for the two-pillar approach to international tax reform; it is expected that the G20 will soon endorse it. Many global businesses will be affected by the nexus and profit allocation rules under Pillar One and many more by the global minimum tax of Pillar Two. We’ll discuss:
- The contents of the political agreement and the implementation plan
- The political landscape looking forward
- Interaction with US tax rules
Participants will articulate how the OECD Pillar One and Pillar Two implementation plan could affect their business and actions to take to prepare for the coming changes.
Clean energy credits and incentives in the Green Book and other legislative proposals
Date: June 16, 11 a.m. ET
Host: Carl Obradovich
Presenters: Brian Americus, Victoria Glover, Jeffrey Shaw, and Jennifer Speck
On May 28, 2021, the Treasury Department released the Green Book, laying out White House proposals to incentivize clean energy, energy efficiency, and decarbonization as part of the American Jobs Plan. The Green Book was released days after a conceptual markup at the Senate Finance Committee on the Clean Energy for America Act, which passed along party lines and included both similar and different proposals for encouraging investments in clean energy while eliminating certain fossil fuel tax incentives.
On this webcast, we’ll discuss:
- An overview of the legislative proposals of importance to the energy industry and corporate environmental, social, and governance (ESG) initiatives, including detailed discussions of certain tax credits and incentives included in the Green Book, the Clean Energy for America Act, and the GREEN Act.
- Developments within Congress that may affect tax legislation going forward.
Join us to hear about the new proposals and the potential impacts on your business.
Tax legislative update on the Green Book and the legislative process
Date: June 4, 11 a.m. ET
Host: Doug Van Dyke
Presenters: Jon Traub, Storme Sixeas, Bob Stack, Rosemary Sereti, and Chris Trump
On May 28, 2021, the Treasury Department released the Green Book, laying out specific proposals to finance the American Jobs Plan and the American Families Plan, along with additional revenue-raisers.
On this webcast, we’ll discuss:
- An overview of the specific revenue-raisers, including a more detailed discussion of the international provisions, proposed funding increases, and other changes to increase tax compliance included in the Green Book
- Developments within Congress that are affecting tax legislation going forward
- Recent updates on the ongoing tax negotiations at the OECD
Join us to hear about the new proposals and the potential impacts on your business.
Get in touch
Adam L. Moehring
National Tax Legislative Marketplace leader | Deloitte Tax LLP
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