The Tax Cuts and Jobs Act (TCJA) of 2017 altered the taxation of business income. These changes will affect investment incentives, compensation policies, and the income amounts firms report to their shareholders. Join the Urban-Brookings Tax Policy Center and the University of North Carolina Tax Center (an affiliated center of the University of North Carolina Kenan Institute for Private Enterprise) as experts in financial accounting and economics offer their perspectives on these questions:
What are the TCJA’s potential short- and long-term effects on reported earnings?
How will the TCJA affect cost of capital and investment incentives in different industries, for different assets, and for different financing methods?
What will be the effects of the changes in international tax rules on reported earnings and location incentives?
What will be the TCJA’s effects on organizational forms and structures?
How are firms reacting to the TCJA?
Jennifer Blouin, Professor of Accounting, Wharton School of the University of Pennsylvania @Wharton
Gregory W. Brown, Professor of Finance, Sarah Graham Kenan Distinguished Scholar, and Director of the Frank Hawkins Kenan Institute of Private Enterprise, University of North Carolina Kenan-Flager Business School
Todd Castagno, Equity Research Analyst, Morgan Stanley
W. A. Banks Edwards, Managing Partner, Washington National Tax Practice, Deloitte
Brian Faler, Senior Tax Reporter, Politico (moderator)@Brian_Faler
Jeff Hoopes, Assistant Professor of Accounting, University of North Carolina Kenan-Flagler Business School (moderator) @taxnotions
Ed Maydew, David E. Hoffman Distinguished Professor of Accounting, University of North Carolina Kenan-Flager Business School @kenanflagler
Mark Mazur, Robert C. Pozen Director, Urban-Brookings Tax Policy Center @TaxPolicyCenter
Benjamin Page, Senior Fellow, Urban-Brookings Tax Policy Center @TaxPolicyCenter
Joseph Rosenberg, Senior Research Associate, Urban-Brookings Tax Policy Center @J_W_Rosenberg