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The spotlight may be on the 2024 presidential election, but tax executives can’t afford to take their eyes off 2025 and beyond. That’s when federal and global tax policies will come to a head as key individual provisions of the Tax Cuts and Jobs Act (TCJA) expire, and changing TCJA international provisions could result in US corporate tax increases even as other countries are moving to collect higher corporate taxes. Now is the time to evaluate how these changes may affect your organization’s bottom line and take that message to decision-makers.
“We have the luxury of knowing that, in the second half of 2025, a significant piece of tax legislation will be written, no matter who is in office. This is quite different than the last time we did a tax bill. Even though 2024 might be a slow year, this is a year where companies can start to prepare for 2025. This is a unique opportunity to prepare for something that we know is coming."
Readiness is more than reacting to the latest tax policy. It's starting the conversation early around policy and shining a light on the tax services that could have a significant impact on your business and bottom line. Explore the issues we are taking note of below:
Cross-border Tax Talks
Policy on Demand