Technology and Taxes

07/27/22 • 31 min

Technology is moving rapidly--especially when it comes to taxes. With advancements in AI and machine learning, we are seeing technology being utilized in every corner of the tax world.
From policy to filing, from accounting to compliance: technology is truly shaping the future of taxes. Jesse chats with Ben Alarie, CEO of Blue J, and Garrett Watson, Senior Policy Analyst at the Tax Foundation, about how companies are utilizing technology to comply with new innovations in the tax code and how policymakers can use technology to advance tax laws that support an ever-evolving economy.
Links: https://www.bluej.com/
https://taxfoundation.org/overview-tax-foundations-taxes-growth-model/

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Previous Episode

Global Deal or No Deal

On July 1st, 2021, over 130 countries agreed to a sweeping overhaul of the global tax system.
This agreement -- on a 15% global minimum tax -- was unprecedented, taking on over a century of how international tax competition has been done.
One year later, the deal appears stuck. Countries are moving ahead with caution before codifying this new tax into their laws.
Daniel Bunn, Tax Foundation's executive vice president, joins Jesse to discuss what this delay means for countries and multinational corporations, and what the path ahead looks like for global tax policy and competition.
Intro: 00:02
Overview: 01:15
Myths and Misconceptions: 12:54
Key Takeaways: 15:45
Outro: 17:50
Links: https://taxfoundation.org/global-minimum-tax-us-international-tax/

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Next Episode

The Inflation Reduction Act, What to Know

After months of stalled negotiations, Sen. Joe Manchin (D-WV) announced that he has reached a deal with Senate Democrat leadership on a reconciliation package.
Called the Inflation Reduction Act, the legislation would raise taxes on corporations and top earners with the goal of funding a number of programs to reduce carbon emissions, address prescription drug costs, and spur the economy.
Garrett Watson joins Jesse Solis to talk through what these tax changes would mean for the economy: Will they reduce inflation, and do they break the President's pledge not to raise taxes on those earning less than $400,000?
Links:
https://taxfoundation.org/biden-corporate-minimum-book-tax/
https://taxfoundation.org/prescription-drug-pricing-reform/
https://taxfoundation.org/tax-gap/
https://taxfoundation.org/tax-reform-options/?option=28

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