W03 - Bad Policy – Addressing the Complexities of Book-based Taxation at Home and Abroad

Description

Legislative bodies continue to explore various revenue raising initiatives based upon book/financial reporting income. This session will explore some the consequences of these bad policies, including highlighting areas for participants to watch/monitor future expansion of this style of tax measurement.

After this session, participants will be able to: (1) identify examples of current law where book/financial accounting measurement is used in tax computations; (2) outline some of the key elements of proposed minimum tax proposals; and (3) identify areas of financial measures beyond the alternative minimum tax into BEAT and/or provisions within Pillar Two of the OECD/G20 BEPS agreement

Moderator(s):

• Ms. Katherine C. Castillo, Emeritus Member, TEI's Federal Tax Committee

Speaker(s):

• Ms. Alison Jones, Principal, Ernst & Young LLP
• Mr. Jeffrey E. Moeller, Principal, Ivins, Phillips & Barker, Chartered