Insight

Chief Tax Officer Insights on the Election

Anticipating post-election tax changes

Greg Engel

Greg Engel

Vice Chair – Tax, KPMG US

December 2020 | Election day in the United States was expected to provide Tax functions with some clarity on the future of tax policy, but with the balance of power in the Senate still unknown, uncertainty remains. While CTOs are picking up some modeling activities and communicating regularly with the C-suite on the potential impact to their organizations, the impact of the incoming administration’s legislative agenda remains unclear. 

Ths new issue of CTO Insights explores post-election reforms that could affect Tax functions.

Questions to consider

  • In a Biden administration, how will the tax function prepare for a potential corporate tax rate increase?
  • How will the tax function forecast other potential tax reforms under the new administration and be ready to respond to new legislation?
  • How will the tax function manage the complexity of longer-term tax planning, given continued economic uncertainty through the COVID-19 pandemic?
Chief Tax Officer Insights
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Other topics included in this issue of CTO Insights include talent diversity in the Tax function and development in the international tax landscape.