332 episodios

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

Talking Tax Bloomberg Industry Group

    • Noticias
    • 4,0 • 1 valoración

Talking Tax, from Bloomberg Tax, is a weekly discussion of the most pressing issues facing tax and accounting professionals. Each week the podcast features discussions with lawmakers, federal regulators, lawyers, and journalists. From the courts to Capitol Hill to the IRS, Talking Tax has it covered.

    Inside Government Crackdown on Corporate Jet Tax Abuse

    Inside Government Crackdown on Corporate Jet Tax Abuse

    The corporate jet industry is the latest to be targeted by the government's efforts to make the rich pay the taxes they owe.
    The IRS began an audit campaign in February to clamp down on executives abusing corporate jet tax breaks for personal use. President Joe Biden's proposed budget would tighten depreciation rules and increase the tax rate on private jet fuel, and Senate Democrats sent a letter urging the Treasury Department and Internal Revenue Service to change how corporate jet owners deduct certain costs.
    Bloomberg Tax reporter Erin Schilling spoke with Michael Kaercher, a senior attorney adviser at the Tax Law Center at New York University, about a regulatory change the IRS could pair with its enforcement efforts and why the industry has landed in the spotlight for tax reform.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 11 min
    Investors Await Companies Dishing Out More Tax Details

    Investors Await Companies Dishing Out More Tax Details

    Coming soon to corporate financial statements: a lot more tax transparency.
    After seven years and three rounds of proposals, the Financial Accounting Standards Board in December published new rules requiring companies to shed light on the income taxes they pay to federal, international, and state governments.
    The disclosure rules, which kick in as early as 2025, are a response to years of complaints that current financial reporting rules offer too few details about tax obligations. Soon, companies will have to separately list any jurisdiction that accounts for more than 5% of their total tax obligations. Publicly traded companies will have to further break down how they calculated their effective tax rate, so investors and other financial statement readers can contrast it with their statutory rate.
    Bloomberg Tax reporter Nicola M. White spoke with David Gonzales, a vice president at Moody's Investors Service, about what kind of details companies will have to provide and how investors and analysts could use them.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 13 min
    New IRS Tool for Free Tax Return E-Filing Is Live

    New IRS Tool for Free Tax Return E-Filing Is Live

    Many taxpayers with relatively simple returns can now electronically file their returns directly with the IRS for free for the first time.
    The IRS, after months of preparing its government-run free e-filing pilot tool, launched the program to the wider public Tuesday. The Treasury Department expects about 100,000 of the millions eligible to use it.
    Democrats’ Inflation Reduction Act set aside $15 million for the IRS to issue a report on the feasibility of creating a direct e-filing tax return system. The pilot comes after years of controversy and pushback from Republicans and tax-prep software companies saying the IRS shouldn't be a preparer, collector, and enforcer.
    Bloomberg Tax reporter Erin Slowey spoke with Bridget Roberts, chief of Direct File at the IRS, about how the rollout is going, who is eligible, and the fate of a permanent agency-run option.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 17 min
    Tough Australian Tax Weapon Gets Court's Go-Ahead

    Tough Australian Tax Weapon Gets Court's Go-Ahead

    Australian authorities continue to crack down on multinational companies it believes are trying to avoid Australian taxes—and a recent court ruling against PepsiCo Inc. gives them a tough weapon.
    A judge ruled in November that sales of beverage concentrate from a Singapore Pepsi affiliate to an Australian Pepsi bottler also effectively included royalties for the use of Pepsi trademarks and intellectual property that the company should have been taxed on. But for the first time, the judge also blessed the use of Australia’s “diverted profits tax,” or DPT, which slams companies with a 40% tax rate if they’re orchestrating their transactions to obtain tax benefits.
    PepsiCo, which is appealing the ruling, didn’t have to pay the DPT itself, since the judge ruled that royalty withholding taxes apply to it instead. But the harsh tax could be used against other big multinationals that rely on trademarks, patents, and other intellectual property as a key part of their business, like pharmaceutical and technology companies.
    Bloomberg Tax senior reporter Michael Rapoport spoke with Angela Wood, a partner at Clayton Utz in Melbourne, about the PepsiCo ruling, its potential effects, and what companies should do to cope with it.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 13 min
    IRS Eyes Sports Team Owners Reaping Big Tax Benefits

    IRS Eyes Sports Team Owners Reaping Big Tax Benefits

    Sports team owners for decades have seen enormous tax benefits from their team purchases, dispatching squads of accountants to find write-offs on things from equipment and player salaries to TV rights and more. Now the IRS is looking to make sure all of those savings were above board.
    The IRS's Large Business and International Division announced the audit campaign last month, making sure the income and deductions taken by sports-related partnerships with large losses are reported in compliance with the tax code.
    The campaign comes as sports deals continue to reach new heights and the volume of deals remains hot, Robert Raiola, director of the Sports and Entertainment Group at PKF O’Connor Davies, told Bloomberg Tax, adding that rising values are attracting wealthy buyers and investment firms are getting in on the action.
    On this episode of Talking Tax, Bloomberg Tax reporter Caleb Harshberger spoke with Raiola about how owners have made the most of tax benefits for team ownership and what the new audits could mean for the world of sports.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 12 min
    Taxing Digital Is Hard, Former State Tax Chief Says

    Taxing Digital Is Hard, Former State Tax Chief Says

    For more than a decade, states have had to grapple with the challenge of taxing the digital economy. Peering into cyberspace, tax administrators were often left with more questions than answers. What online products and services should be taxed? How does a state source a virtual creation to a specific jurisdiction? Can states even tax digital products and services in the face of federal limits on discriminatory taxes on electronic commerce?
    State tax authorities now have to answer these questions without Gil Brewer, who retired at the end of January from his position as assistant director of tax policy at the Washington State Department of Revenue and stepped down as chairman of the Multistate Tax Commission’s digital products work group. Brewer assisted with Washington’s pioneering efforts to equitably and efficiently tax digital goods and services dating back to 2009. He lobbied the tax commission in 2021 to launch an ambitious project aimed at uniform digital economy tax policies across the states.
    On this episode of Talking Tax, Bloomberg Tax senior reporter Michael J. Bologna caught up with Brewer to discuss his career in tax, his views on state taxation of digital products, and the risks the states and taxpayers face if they fail to develop thoughtful and legally defensible policies taxing digital products and services.
    Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.

    • 12 min

Reseñas de clientes

4,0 de 5
1 valoración

1 valoración

Top podcasts de Noticias

La Trinchera de Llamas
esRadio
Más de uno
OndaCero
Es la Mañana de Federico
esRadio
La rosa de los vientos
OndaCero
Lo más odiado
El Confidencial
Herrera en COPE
COPE

Quizá también te guste

Tax Notes Talk
Tax Notes
Small Business Tax Savings Podcast
Mike Jesowshek, CPA
Tax News & Views
Deloitte US
The Accounting Podcast
Blake Oliver & David Leary
Accounting Best Practices with Steve Bragg
Steve Bragg
PwC's accounting podcast
PwC