Substantial tax reform is underway and the business community is intently awaiting details of this activity with the aim of positioning themselves to maximize opportunities and minimize any costs or risks that reform may present. How will a cut in the corporate income tax rate, the potential adoption of a “territorial” dividend exemption system or the elimination or altering of recent regulations impact companies?
Is a Business Tax Reform Game Plan Beginning to Take Shape?
Posted In Uncategorized
Tags: accelerate deductions, advocacy responses, after-tax earnings, bifurcated, bonus accruals, Congress, controversial, corporate income tax rate, dividend exemption system, Executive Order 13789, final report, financial burden, foreign earnings, House Republicans, impact, inbound rules, industries, intangible property, intercompany debt, Internal Revenue Service, IRS, IRS Notice 2017-38, key taxable event, likely proposals, lowering, M&A activity, multinational companies, outbound rules, pension contributions, planning, policy makers, President Trump, Repatriation, restrictions, revenue-raising, Secretary of the Treasury, Section 367(d) regulations, section 385 regulations, Section 482 Regulations, Section 987 regulations, sectors, tax reform package, territorial dividend exemption system, territorial tax system, transition tax, undue complexity, welfare benefits, White House
McDermott Will & Emery
David G. NorenDavid G. Noren focuses his practice on international tax planning for multinational companies. David advises clients on a wide range of "outbound" and "inbound" issues, with a particular focus on the subpart F anti-deferral rules, the application of bilateral income tax treaties, and the treatment of cross-border flows of services and intellectual property rights under transfer pricing and other rules. Read David G. Noren's full bio.
Sandra P. McGillSandra McGill focuses her practice on international tax planning. Sandra works with US and non-US multinational companies, public and private as well as high net worth individuals and family businesses. Sandra has extensive experience advising clients on a broad range of cross-border tax issues. Read Sandra McGill's full bio.
Related Posts
- Tax Reform Insight: IRS Slams Door on Refunds/Credits for Taxpayers with Section 965 Transition Tax Liability
- Tax Reform Insight: IRS Doubles Down on Retention of 2017 Overpayments to Satisfy Future Section 965 Installment Payments
- New Proposed Regulations Limit Use of Non-Government Attorneys
- Weekly IRS Roundup January 14 – 18, 2019
- Section 965 Transition Tax Overpayment Addressed in Technical Corrections
BLOG EDITORS
STAY CONNECTED
TOPICS
ARCHIVES
