The Gathering Storm: 2025 and the Coming Tax and Fiscal Showdown

Program Description

Not long ago, after decades of only peripheral changes, the U.S. tax system appeared to be stable. But now the opposite seems true. With the approaching sunset of numerous corporate and individual tax cuts that are parts of the Tax Cuts and Jobs Act, the Build Back Better Act proposals, the Inflation Reduction Act, BEPS 2.0, and a looming Supreme Court tax ruling, the future of tax policy seems to be anything but stable and is expected to reach a crescendo in 2025. Elections in jurisdictions around the country and the world loom over all this, with potentially great effect on the direction of change.

This dynamic sets up a series of difficult, yet critical, questions for policymakers and taxpayers alike as they try to navigate through the coming storm of changes.

On the domestic front, these questions include how soaring deficits and high interest rates will dictate the coming tax agenda. Other pressing matters include:

• How could, or should, the next Congress handle the trillions of dollars of expiring TCJA tax cuts?
• How will the composition of future legislative, regulatory, judicial, and other governmental institutions impact the answer to that question?
• What lessons have we learned from the policies enacted in the TCJA? Moreover, how should policymakers interpret the six-plus years of TCJA economic and tax data as they shape the coming tax agenda?
• How are companies preparing for possible outcomes of upcoming elections?

And on the international front, U.S. policymakers must determine how to respond to not only other jurisdictions implementing the various pieces of Pillar Two, but also the undeniable additional important issues arising from it, including:

• How will governments assess whether adoption of Pillar Two will set off a new round of global tax competition?
• What policy tools will governments use to continue to compete for global investment?
• And what will become of important issues addressed and unaddressed by Pillar One? Are digital taxes an inevitability and, if so, what consequences might that trigger?

Adjacent to these questions, others will demand urgent attention from taxpayers, tax administrators and tax policy makers. For example:

• Will Treasury’s ongoing guidance projects provide taxpayers with clarity or simply more complexity?
• How could a Supreme Court ruling in the Moore case change an already complex tax policy agenda?
• Will the coming wave of mandatory tax disclosures, at home and abroad, impact how taxpayers operate and how they are viewed by the public, tax administrators, and other stakeholders?

And of the most immediate importance, what are companies doing to navigate this uncertain and rapidly evolving environment?

At the 25th Annual Tax Policy & Practice Symposium we will ask and debate each of these questions, while providing real world guidance on how to best prepare for the changes that will continue to be presented to corporate tax professionals.

Plan now to join the dialogue with tax executives, policymakers, administrators, economists, tax advisors, thought leaders and academics, as we come together to explore emerging policy considerations, share insights, and exchange practical strategies for navigating the gathering storm.

Registration

Early bird registration (register by COB Tuesday, April 16, 2024):  $1,100

Regular registration (register after April 16, 2024):  $1,450

Government employees and Academics (full-time faculty and students):  $350

Continuing Education

Participation in the symposium will allow you the opportunity to receive continuing education credits. TCPI is registered with NASBA, and in accordance with its policies, up to 13 CPE credits can be earned. (NASBA Field of Study: TAXATION.)

TCPI will also apply for CLE accreditation from those states that require it, which participants list on their registration form. The total amount of earned CLE credits varies by states.

CPE: TBA credit hours (based on a 50-min per credit hour standard)
CLE: TBA credit hours (based on a 50-min per credit hour standard); TBA credit hours (based on a 60-min per credit hour standard)

The Tax Council Policy Institute is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.nasbaregistry.org/.