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The D.C. Dispatch

Regulatory and legislative changes for 2025

 

GOP’s tax law offers new opportunities

 

Enactment of the One Big Beautiful Bill Act codifies the tax priorities of the Trump administration and the Republican Party for many years. The OBBBA re-shapes American tax and regulatory policy with a “new certainty” that will underpin growth strategies for American businesses and those investing in the U.S.

 

Assessing how the new tax landscape will translate into winning approaches for business planning must begin with an understanding of how the bill’s new provisions will best fit your company’s unique challenges. Stay informed as our public policy and Washington National Tax Office professionals continue to provide insights into the implementation of the OBBBA and the profound consequences it will have on the U.S. economy.

 

 

PODCAST

Indirect tax in focus: VAT, digital services and EU trends
Insights on VAT and indirect tax trends in Europe, compliance strategies, and digital reporting for multinational businesses.
 
 

How we can help you

 

The OBBBA will almost certainly alter your business planning and strategy. Our teams are here to help you tackle current and future challenges alongside you, designing fresh solutions with a balance of scale, skill and service you’ll only find here.

 
Tax Services

When leading a company today, executives must ensure their tax departments balance the interplay among managing global risks, meeting compliance... Show more requirements and achieving strategic and operational objectives, all in an unpredictable regulatory environment. Each shift presents a challenge. We understand your challenges are unique to you and tackle them by listening to learn and bringing together the right technology, people and resources to deliver tailored, streamlined and efficient tax solutions with a fresh perspective. Leveraging the latest tax automation analytics, data visualizations and personalized dashboards, our practical approach makes facing tax challenges feel easier and allows you to operate with more confidence to face the next tax challenge. Learn more -->

Federal Tax

Keeping up with federal tax requirements requires a fully skilled set of professionals who are dedicated to driving your department forward... Show more through both human intelligence and cutting-edge technology. Working closely with our Washington National Tax Office, our specialists combine creative thinking and technical skills to help extend and enhance your capabilities. From extracting hidden value from your balance sheet to helping you stay compliant with the latest regulations, our team applies practical intelligence and data-driven insights to improve competencies. Learn more -->

International Tax

At Grant Thornton, we work with you to understand your needs then implement custom solutions to help manage your business across... Show more jurisdictions. Combining our extensive technical tax knowledge with the latest technology, our professionals can work with you to develop your international tax strategy from ideation to implementation. Keeping the focus on key stakeholder outcomes and operational efficiencies, our collaboration helps to secure your tax position globally. Learn more -->

Human Capital Services

With the right plan in place, every employee will have an opportunity to contribute to the company’s success and move a business forward. With the... Show more skills and experience of our Human Capital Services team, we’ll work with your professionals to understand your HR and finance goals, and design a custom people plan that aligns with your business strategy. Learn more -->

SALT (State and Local Tax)

Managing today’s risks and identifying opportunities across all of the locations where you do business is a constant challenge. Our SALT... Show more professionals deliver actionable advice based on strategic assessments, helping you address any tax issue your business may face. Credits and incentives, income and franchise taxes, unclaimed property taxes, sales and use taxes, and controversy support are just the beginning. Learn more -->

Risk Advisory

We help our clients understand their business risks, and we assist in addressing risk in both proactive and responsive contexts. We deploy... Show more our diverse pool of controls professionals, compliance specialists, cybersecurity professionals and risk consultants with industry depth to meet the complex requirements of our client programs. We work with our clients to provide the optimal team and resource structure to accelerate program execution. We start with the benefits-realization objective to drive the most effective and value-enhancing engagement model for our clients. Learn more -->

Tax Technology

Grant Thornton’s Tax Technology & Transformation specialists care enough to not only identify solutions and process improvements... Show more that will truly meet your unique needs, but also help you evaluate how potential return on investment may offset the costs for the solutions you seek. With a focus on quick wins, our specialists deliver more realistic solutions, because they understand tax, not just technology or general process improvement, and are unwavering in their dedication to customized approaches. Through a suite of solutions, you can expect to be well-positioned to meet your objectives. Learn more -->

Business Consulting

The purpose of growth isn’t just to get bigger. The real value is delivered when you grow and get better. Our people are skilled at helping you create... Show more effective strategies, optimize your operations, and elevate the performance of your people so that you can grow your margins as well as your revenue. We take the time to get to know your organization from end to end so that we can help you improve your tactics, processes and technology so you can operate efficiently. We help you understand your markets and customers so you can develop products and services that will help you achieve your goals. Learn more -->

Washington National Tax Office

Grant Thornton’s Washington National Tax Office (WNTO) is a comprised of deep tax technical professionals who team with professionals... Show more in the Tax Practice toward seamless high quality client service that focuses on client-centric business and industry considerations. Our WNTO professionals advise on diverse federal, international, procedural, and state/local tax matters, staying on top of critical legislative, regulatory (IRS) and judicial developments to ensure necessary focus on the latest issues confronting taxpayers.

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ALERT

New law brings in significant tax changes — and opportunities

The One Big Beautiful Bill Act is now law, delivering massive tax changes targeted to save money for businesses and individuals. Read our analysis to learn how you can profit.

Discover how this bill affects your company

A new tax certainty

 

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The D.C. Dispatch podcast series

 

Our D.C. Dispatch podcast series delivers actionable tax strategies for your business, helping you use the opportunities provided by the massive tax law changes from the One Big Beautiful Bill Act and steer through the Trump administration's new emphasis on tariffs. Each podcast features Grant Thornton's experienced advisors who discuss how to help you stay ahead in an ever-evolving tax landscape.

 

 

 
 

Leaders in the news

 

Jonathan Eaton headshots
Jonathan Eaton, Principal, Business Consulting

New Tariff on ‘Transshipped’ Goods Mystifies Importers

“You would want legal speak in there that says something to the effect of ‘If you transship, you’re liable for the 40 percent tariff.”
Jamie Yesnowitz headshots
Jamie Yesnowitz, Principal - SALT Solutions, Washington National Tax Office

New Int'l Tax Rules Heighten Discrimination Worries In States

“Some states just say it's an extraordinary event, so it's something that's not recognizable in the sales factor. That artificially increases a taxpayer's tax liability because for the most part, GILTI inclusions come from foreign countries and would normally be sourced to a foreign jurisdiction.”
Jeff Martin headshots
Jeff Martin, Partner, Washington National Tax Office

Do you qualify for the tax breaks in the GOP’s big bill? Your income holds the answer.

“Taxpayers would not be eligible to claim (a) deduction for tips and overtime if they are what the Internal Revenue Service deems ‘a highly compensated employee.’ … when they own at least 5% of a business or they’re paid above a certain amount.”
Perry Cory headshots
Cory Perry, Principal, Tax Services, Washington National Tax Office

Countdown Begins for Pre-OBBBA International Tax Planning

“Taxpayers have this limited window to time income and deductions strategically. Some may want to accelerate income into 2025, taking advantage of the lower rate where the deduction is higher. Others may want to wait until 2026, where the foreign tax credit rules have been relaxed.”
 
 

Ready to talk? We’re ready to listen.

 

Request a meeting and a member of our team will be in touch to see what we can do to meet your needs.

 

Want to submit an RFP? Please submit your request through our RFP submission page.

 
 
 
INSIGHTS

Adapting to tariffs, advancing business

The use of tariffs to advance this administration’s economic policies will affect most every U.S. business. Responding to them requires a re-examination of basic operations, and our “Adapting to tariffs, advancing business” page can be a resource in that strategy. 

Go to our tariffs page
 

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Mark A. Margulies

Managing Partner, Tax Services,
Grant Thornton Advisors LLC

Mark Margulies is the national managing principal of Tax Services at Grant Thornton and a member of the Executive Committee at Grant Thornton Advisors LLC.

Fort Lauderdale, Florida

+1 954 331 1116

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David E. Sites

National Managing Partner,
Washington National Tax Office and International Tax Solutions

Grant Thornton Advisors LLC

David leads the firm's International Tax practice, which focuses on global tax planning, cross border merger and acquisition structuring, and working with global organizations in a variety of other international tax areas.

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Storme Sixeas

Managing Director, Tax Legislative Affairs Leader
Washington National Tax Office

Grant Thornton Advisors LLC

Storme Sixeas serves as the Tax Legislative Affairs leader for Grant Thornton’s Washington National Tax Office.

Washington DC, Washington DC

+1 803 231 3076

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Colin Wilhelm

Manager, Tax Legislative Affairs Washington National Tax Office
Grant Thornton Advisors LLC

+1 202 521 1570
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Dana Lance

National Tax Solutions Leader
Grant Thornton Advisors LLC

Dana Lance is the National Tax leader for the Greater Bay Area and the SALT Practice Leader for the West Region. Dana is based in San Jose, California.

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Christopher Martin

National Tax Leader, Geographies & Growth
Grant Thornton Advisors LLC

Chris Martin is a principal in Grant Thornton’s Tax Reporting and Advisory practice.

Boston, Massachusetts

+1 617 391 1291

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