Corporate Taxes, Anti-Abuse Rule, Base Erosion Tax

Final and Proposed BEAT Regulations Provide Some Relief

McDermott Will & Emery on 12/18/2019

Final and new proposed regulations on the base erosion anti-abuse tax (the BEAT) under section 59A have been issued by the United States Treasury and IRS, providing clarifications and some relief tied to inbound liquidations...more

Tax Reform: Insurance Company Provisions

Carlton Fields on 4/16/2018

Recent tax legislation, informally known as the Tax Cuts and Jobs Act (the “Act”) contains several changes that affect the insurance industry....more

Impact of US Tax Reform on Insurance Companies

Skadden, Arps, Slate, Meagher & Flom LLP on 2/20/2018

On December 22, 2017, President Donald Trump signed into law a budget reconciliation act commonly referred to as the Tax Cuts and Jobs Act (TCJA). This sweeping tax bill represents the most comprehensive reform of U.S. tax...more

US Tax Reform Measures Affecting Foreign Multinationals

McDermott Will & Emery on 1/12/2018

On December 22, 2017, President Trump signed broad tax reform legislation into law that, among other things, reduced the corporate income tax rate to 21 percent and reformed the US international tax system. This article...more

Tax Overhaul Draws New Boundaries Around International Business

Baker Donelson on 12/26/2017

The newly passed tax legislation significantly alters the landscape for international business. The final Republican tax cut bill moves the U.S. from a so-called "global taxation regime" to a territorial taxation regime in...more

The Senate’s New Base Erosion Tax: Highlights for Renewable Energy

McDermott Will & Emery on 12/6/2017

On December 2, 2017, the Senate approved its version of the Tax Cuts and Jobs Act. The Senate Bill includes the base erosion and anti-abuse tax, a new tax intended to apply to companies that significantly reduce their US tax...more