EY CEO on Tax Reform and Protecting Client Data

The transcript discusses the complexities of tax reform, drawing lessons from healthcare reform failures. It highlights the importance of the four Ps: priority, policy, politics, and process. The discussion covers key elements of tax reform, including lower tax rates, a territorial system, and middle-income tax relief. It also addresses the budget resolution process and political challenges. The impact of tax reform on businesses and the economy is explored, emphasizing investment and job creation. The complexity of the tax code and efforts to simplify it are analyzed. Finally, the need for public-private collaboration on cybersecurity is highlighted.

How might the repeal of the SALT deduction affect states like New York and California?

What are the expected outcomes if tax reform is successfully implemented?

How does the current tax code affect corporate decisions regarding location and investment?

What role does the business community play in shaping tax policy?