TaxWorldWeb – International Tax News

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In the wake of recent tax reform in the United States, one might be tempted to think that a relatively quiet time of adjustment and digestion is ahead when it comes to U.S. companies doing business overseas. After all, a lot has changed–there’s a “deemed repatriation” tax on deferred foreign earnings, new “BEAT” and “GILTI” tax rules to prevent tax base erosion and corporate inversions, and of course a new 21 percent tax rate here at home.