States are forecasting record revenue shortfalls due to the COVID-19 recession. The AICPA and the UNC Tax Center have partnered to present this first in a series of tax policy webcasts that offer perspectives and insights from both practice and academia.
Dec 08, 2020
NASBA Field of Study
Whitney Afonso, Jamie Fenwick, Joseph Crosby, Harley Duncan
The AICPA and the UNC Tax Center have partnered to present this first in a series of tax policy webcasts that offer perspectives and insights from both practice and academia. The UNC Tax Center is an affiliated center of the Kenan Institute of Private Enterprise and has its roots in the University of North Carolina’s Kenan-Flagler Business School. Its mission is to build bridges between policymakers, practitioners, and academics who have a shared interest in evidence-based tax research.
Economic disruption generated by COVID-19 will substantially impact state budgets for the FY21-22 fiscal years. In September, Moody Analytics forecast revenue losses through fiscal June 2022 of circa $275 billion. States are in the process of deciding how to bridge this gap through tax increases. It’s imperative for businesses and individuals to include the potential for tax increases in their strategic planning.
Our expert panel will discuss the following topics:
Participants’ questions will be addressed during a specified Q&A session following discussion.
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