The Tax Cuts and Jobs Act contains significant international tax provisions that will drastically change the way U.S. multinationals are taxed and conduct business abroad as well as how foreign multinationals will operate in the U.S.
Listen to Baker Tilly international tax specialists discuss:
- Shift from the system of taxation on worldwide income with deferral to a hybrid territorial system
- Mandatory repatriation tax
- Adoption of a participation exemption system for taxation of foreign income
- New base erosion measures
- Imposition of a minimum tax on low-taxed foreign earnings and profits
Jim Alajbegu, CPA
International Tax Leader
Lynette Stolarzyk, J.D., LL.M.
Center for the Return of Manufacturing International Tax Leader
For more information on this topic, or to learn how Baker Tilly tax specialists can help, contact our team.
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