Taking on tax: Modernizing partnership taxation event

00:00:00 Introduction and presentation 00:08:44 Fireside chat with Chair Wyden 00:20:11 Panel With large parts of the tax code enacted in 2017 set to expire next year, rigorous debates about tax policy are already underway. Partnership tax reform should be part of the conversation. Partnerships are a large and growing slice of the economy, representing almost 30 percent of business income in the United States. But partnership tax rules today have some critical weaknesses that generate wasteful planning, undermine equity, and reduce revenue. On September 25, The Hamilton Project at the Brookings Institution and the Tax Law Center at NYU Law hosted a virtual event to lay out the scope of the partnership tax challenge for policymakers and discuss what changes to the tax code and tools for compliance should be considered. The event featured a fireside chat with U.S. Senate Finance Committee Chair Ron Wyden and Chye-Ching Huang (Tax Law Center). In addition, the event included a panel discussion with Lily Batchelder (NYU Law), William G. Gale (The Brookings Institution), Monisha Santamaria (KPMG), Diana L. Wollman (Cleary Gottlieb), and Miles Johnson (Tax Law Center). The Hamilton Project and the Tax Law Center released a policy proposal in conjunction with the event. Learn more: https://www.hamiltonproject.org/event...