Join Professor Michael Graetz and Skadden partner Loren Ponds for a discussion of Professor Graetz’ recent article, Sovereignty, Sins, and the Reassertion of Primary Taxing Rights by the United States, which urges the U.S. to reassert its primary taxing rights over income long conceded to other countries, especially income from intellectual property created in the U.S. The conversation explores how changes in the world order, including the OECD pillar 2 rules, recently enacted U.S. international tax provisions, and the federal government’s debt and deficits make now the time for the U.S. to reclaim tax sovereignty. Changes needed to make such a reclamation possible are also discussed.
