The Washington Tax Group (WTG), a division of the Washington Tax & Public Policy Group, offers cutting-edge tax services enabling clients to address multifaceted legislative and regulatory challenges. WTG employs its extensive experience before the Department of Treasury, House Ways and Means Committee, Senate Finance Committee, House and Senate leadership, as well as other key members of both bodies, to assist clients in developing and implementing a comprehensive legislative and regulatory strategy.
Our combined relationships and technical expertise make us uniquely qualified to navigate and work on complex tax issues. Greg Nickerson, Founding Partner of the Washington Tax & Public Policy Group (former Republican Staff Director and Tax Counsel to the House Ways and Means Committee Chairman Bill Thomas), has engineered numerous successful tax legislative campaigns on behalf of clients.
WTG is supported by the entire team at the Washington Tax & Public Policy Group with decades of combined experience, including Brian Diffell, former leadership staffer in both the House and Senate and legislative director to Senator Roy Blunt, Jan Fowler, a former legislative assistant to Senate Finance Committee member George Voinovich and Ways & Means member Jim McCrery, Kelli Briggs, former chief of staff to Ways & Means member Pat Tiberi, and Zach Price.
Tax Cuts and Jobs Act (TCJA)
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA). The comprehensive $1.5 trillion tax reform package enacted fundamental changes to the taxation of multinational entities. In addition to the permanent reduction in the corporate tax rate to 21% and several other notable domestic changes, the TCJA enacted radical changes to the international tax system.
As the Congress and the Department of Treasury consider modifications to and/or implementation of Global Intangible Low-Taxed Income (GILTI), Base Erosion and Anti-Abuse tax (BEAT), and Foreign Derived Intangible Income (FDII), it is vital that companies have an engagement strategy to pursue solutions specific to their needs. Immediately following the passages of the TCJA, WTG actively engaged with the Department of the Treasury, tax-writing committees, and leadership in both chambers to pursue crucial regulatory, technical, and legislative changes to the new international tax regime.
WTG is actively engaging on the section 965 transition tax and repatriation provisions, the new sec. 163(j) interest limitations, GILTI, BEAT, FDII, amortization of R&D expenses, issues related AMT credit sequestration, renewable energy provisions, and several other domestic and international corporate tax provisions affecting clients.