International Tax ADVISORY – Trump’s Tax Reform Plan When the Dessert Pays for Dinner
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Advisories May 15, 2017International Tax Advisory: Trump’s Tax Reform Plan – When the Dessert Pays for DinnerPresident Trump is beginning to follow through on Candidate Trump’s promises to overhaul the tax code. Our International Tax Group examines the few details we have and the path any legislation must take to become law.
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Blog Posts April 17, 2017International Tax ADVISORY: Tax Court Déjà Vu – IRS Tried, and Failed, to Overturn Veritas
Unsurprisingly, the IRS got the same result by trying the same thing. Our International Tax Group analyzes the agency's latest effort to use a discounted cash flow analysis to audit a cost-sharing agreement. The difference between #255 million and $3.6 billion Using the comparable uncontrolled transaction method Applying the 2011 cost-sharing regulations Read the full advisory by clicking here. [...]Read more
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March 15, 2017International Tax ADVISORY – IRS Issues Draft Form and Instructions for Country-by-Country Reports
Ultimate parents of U.S. multinational enterprises now have instructions for Form 8975, the U.S. Country-by-Country Report. Our International Tax Group reviews what U.S. MNEs must do to comply with new U.S. filings requirements, as well as procedures for voluntary early filing intended to satisfy BEPS-related Organisation for Economic Co-operation and Development guidance in other jurisdictions. Fixing the reporting mismatch Revenue Procedure 2017-23 The form and instructions Read the full International Tax Advisory here. [...]Read more
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Advisories June 15, 2021International Tax Advisory: The Other Green Book: Treasury Explains Administration’s Tax ProposalsWith the release of its FY 2022 revenue proposals, the Biden Administration explains and refines some of the tax priorities raised on the campaign trail. Our International Tax Group reads the tea leaves to find the significant changes to the Tax Code the Administration won’t find easy to navigate through a Congress that features the slimmest of majorities.
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Advisories February 16, 2021International Tax Advisory: Digital Services Taxes and Nexus for Foreign Tax Credit PurposesOur International Tax Group reviews Treasury’s proposed regulations that would add a jurisdictional nexus requirement to the analysis used to determine whether a foreign tax is an income tax for foreign tax credit purposes.