Untangling Telecom: Tax Chaos, Change, and Opportunity in 2025

Welcome to Riding the Wave of Global Tax Change, with your host Steph from the Global Tax Team at Wolters Kluwer.In this episode of Riding the Wave of Global Tax Change, we zoom in on the telecommunications sector - a space where tax rules are famously complex and constantly evolving. Steph is joined by Karolina to break down what makes U.S. telecom taxation feel like a maze, from overlapping federal, state, and municipal taxes to long-standing charges like the Universal Service Fund. But it’s not all red tape - there’s fresh opportunity, too. We dig into the new One Big Beautiful Bill Act (OBBBA) signed in July 2025, explore the return of bonus depreciation, and unpack how telecoms can benefit from increased deductions even as they face rising costs from new tariffs. Whether you're navigating compliance, investing in infrastructure, or exploring how AI is changing the game, this episode has insights you won’t want to miss.For further information and access to a bonus chapter covering these updates in depth, follow this link: https://indd.adobe.com/view/ee113bc6-d531-490d-a3e5-befa0699153fKeeping you informed and ahead, Wolters Kluwer is a global leader in information, software solutions and services for professionals in tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG, and healthcare. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Dislaimer:This podcast is intended for informational purposes only and should not be considered legal, financial, or professional advice. While we strive to provide accurate and up-to-date insights, the hosts and guests are not engaged in rendering legal, accounting, or other professional services. If you require legal, financial, or tax advice specific to your situation, we strongly recommend consulting a qualified professional.