US Center for Tax Policy

Tax policy changes can impact many areas within an organization. At the same time, keeping abreast of tax proposals, trade shifts and other tax policy changes is a growing challenge for business leaders. The US Center for Tax Policy at Ernst & Young LLP is a one-stop resource for insights on national and state tax reform, tax policy, tariffs, regulatory changes and legislation.

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Real Tax. Real Insights.

Straight talk from the EY Center for Tax Policy

 

In this episode of “Real Tax. Real Insights.,” host Jose Murillo, EY Americas International Tax and Transaction Services Leader, and Josh Ruland, EY US National Tax Department International Tax and Transaction Services Leader, explain how the recent passage of tax legislation will reshape how multinationals operate. Listen as they discuss what has changed, who is being impacted, and how the rest of the world will respond.


In our latest episode of “Real Tax. Real Insights.,” host Jose Murillo, EY Americas International Tax and Transaction Services Leader, and Lynlee Brown, Partner, Global Trade, explain how the dynamic trade policy landscape is affecting businesses across sectors, how they are responding and adapting, and what’s to come in the future for tariffs and trade policy.



What EY can do for you

Our tax policy leaders provide knowledge-based insights on today’s most important tax policy, trade and fiscal issues. We can help businesses track and assess tax policy and tax reform proposals, providing services that range from monitoring legislation and proactive planning to representation* and economic modeling.

*Limited to non-audit clients


This Week in Tax Policy

Each week, our tax policy professionals bring you the latest news on national and state tax reform and tax policy developments. Read the latest alert.

Americas Tax Roundup

A weekly summary of the top national, state, tax reform and tax policy legislative developments in the Americas.
 

Our latest thinking

How tax changes in OBBBA impact the business sector and key industries.

Analysis of how the OBBBA affects federal business taxes, including key provisions, industry impacts, and corporate vs. passthrough effects.

How companies can prepare for the USMCA review

Learn about requirements and anticipated issues in the 2026 USMCA review and navigate evolving trade challenges across North America.

Avoiding the tariff ‘ripple effect’

CFOs must manage tariffs’ impact on pricing, supply chains, taxes, and operations to prevent ripple effects from harming financial performance.

How H.R. 1’s new charitable deduction floor will shape future giving

H.R. 1 introduces a 1% floor on corporate charitable deductions, prompting companies to rethink philanthropic strategies.

How to navigate trade volatility

Explore approaches for navigating trade volatility and enhancing competitiveness. Discover actionable insights.

Final budget bill makes changes to BEAT, FDII and GILTI

H.R. 1 updates international tax rules, including changes to GILTI, FDII, and BEAT, impacting US and foreign taxpayers’ planning and compliance.

White House recommends action on digital asset transaction reporting

New White House recommendations could alter digital asset tax reporting with CARF adoption, wash sale rules, and updated broker requirements.

5% safe harbor for wind and solar project construction eliminated

IRS Notice 2025-42 updates wind and solar tax credit rules, eliminating the 5% safe harbor and requiring physical work to begin construction.

Final reconciliation bill changes passthrough entity provisions

The 2025 budget bill changes tax rules for pass-through entities, including real estate, depreciation, and business interest deductions.

State income taxes affected by final federal reconciliation bill

Final federal tax bill brings major state income tax changes. Businesses and lawmakers must assess conformity and fiscal impacts.

Why planning is essential in a tariff-driven economy

Discover why planning is vital in a tariff-driven economy and how businesses can navigate trade challenges with strategy, compliance and foresight.

Reconciliation bill includes notable compensation and benefits changes

FY25 tax law introduces deductions for tips and overtime, modifies executive pay rules, and updates tax treatment of employee benefits.

How oil & gas and chemicals can steer through shifting trade winds

Explore strategies for managing trade challenges in oil & gas and chemicals. Enhance your approach to trade policy adaptation.

Final reconciliation bill offers benefits for oil and gas industry

H.R. 1 updates for oil & gas: changes to leasing, royalties, bonus depreciation, carbon credits, and tax provisions.

H.R.1 legislation and impacts to utilities, renewables and generation

In this webcast, EY speakers discuss the effects of H.R. 1 and what the legislation means for power and utilities, renewables and electric vehicles.

Draft list of occupations that qualify for new tip deduction released

Treasury releases preliminary list of occupations eligible for the new federal tip deduction under OBBBA, effective for tax years 2025–2028.

September 30 funding deadline looms as Congress returns to session

Fall 2025 Washington outlook: government funding, tax policy, health care, trade, and financial services shaping year-end legislation.

Tax credits and ‘foreign entity of concern’ under H.R. 1

Insights from the EY Center for Tax Policy

How taxation of digital services is again a concern for businesses

Taxation of digital services is back in focus as uncertainty surrounds BEPS 2.0, including Pillar One and its cornerstone provision, Amount A.

H.R. 1: Legislative update and outlook for oil and gas and chemicals 

In this webcast, EY panelists discuss the effects of HR 1 and what the legislation means for the oil and gas industry.

A boom for US manufacturing, setbacks for clean energy

New tax law boosts US manufacturing, hinders clean energy sector.

Tax in a time of transition (August 15, 2025)

In this webcast, panelists discuss the US economy and tax policy, what’s happening at the IRS and breaking developments.

The federal budget reconciliation bill: state tax considerations

In this webcast, panelists discuss the state and local implications of the final provisions of the federal legislation and what actions businesses should consider going forward.

How transparency is transforming the global tax landscape

This episode discusses AI, data governance, BEPS, and global cooperation with EY leaders and the OECD’s Manal Corwin. Listen now.

30m 9s

EY QUEST Economic Update examines latest economic trends

The QUEST Economic Update summarizes the latest key economic and employment trends.

Key insights from the Business Tax Policy Barometer for May 2025

This 24th Barometer tracks the views reported from April 21, 2025, through May 7, 2025, and assesses perceptions on issues such as the US economic outlook, tariffs, and the Tax Cuts and Jobs Act (TCJA) cliff and President Trump’s tax provisions.

Seven key issues from President Trump’s first 100 days and what’s next

The public policy landscape in 2025 and beyond remains poised for considerable change. Read now for themes from the Trump administration’s first 100 days.

The impact of tariffs and transfer pricing on global trade

Interdependencies between customs duties, tariffs, and transfer pricing can have significant effects on businesses' supply chains.

Tax departments evolve: companies embrace outsourcing for compliance

US companies are outsourcing tax compliance for flexibility and expertise. Embrace co-sourcing to navigate complexities and enhance efficiency.

Steps companies should take now to prepare for major tax legislation in 2025

Companies should prioritize their tax planning, advocacy, and modeling now to effectively navigate anticipated major tax legislation in 2025

How increased global competition is reshaping tax priorities

The 2025 EY Global Tax Policy and Controversy Outlook explores changing global tax policies and their impact on businesses. Learn more.

Why the shadow economy persists and how governments are responding

An EY study on the shadow economy finds this major contributor to the tax gap is contracting in most countries but still remains a significant problem.

How to future-proof the global trade function

Master global trade complexities with strategies for integration, technology and ESG alignment. Discover how tax leaders can future-proof trade functions.

Active state tax legislative session expected in 2025

Governors outline tax policy priorities as legislative sessions begin.

Bring tax advisers to the board room to navigate volatility

Tax can help strategic business planning, but leaders must have direct, regular communication with advisers.

Tips for manufacturers to prepare for President Trump's trade policies

Preparing now will help manufacturers adapt to potential changes in international trade policies.

Al Paul + 2

How a decade of transparency forever changed the tax world

A decade of increased tax transparency has changed businesses, who will need more data management to keep up with new developments. Learn more.

How to alleviate BEPS 2.0 Pillar Two data challenges

Advanced data aggregation tools can help with BEPS 2.0 Pillar Two compliance. Read our insights to stay compliant and reduce risks. Learn more.

Six steps to prepare for the operational impact of Pillar Two

Get ahead of operational and technology considerations for BEPS 2.0 Pillar Two reporting. Understand what to assess, plan, operate and monitor. Learn more.

Treatment of US multinational IP transfers in a Pillar Two world

This article discusses implications of the OECD's Pillar Two GloBE rules for US MNEs engaged in domestic and cross-border IP transactions.



    Washington Council Ernst & Young

    Washington Council Ernst & Young offers clients timely, relevant Washington insights, tailored to their needs.

     


    Sustainability tax
     

    With urgent environmental and social action needed from business, the tax function has never had a more critical role in accelerating sustainability strategy and building long-term value.


    The tax legislative agenda: a focus on BEPS 2.0

    Multinational companies are navigating a rapidly changing tax landscape. Jurisdictions are enacting BEPS 2.0 legislation – are you ready?
     


    The EY Center for Tax Policy team

    The New Tax Transformation Imperative

    More than half of businesses aren’t meeting their tax transformation goals.  Learn why digitization requires a reboot of your transformation approach.



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