This paper discusses the potential consequences of the international tax provisions of the recent Tax Cut and Jobs Act (TCJA), drawing on existing research. The TCJA's dividend exemption provision is expected to eliminate distortions to the amount and timing of dividend repatriations. However, the...
international taxationtax reformtax cut and jobs actGILTIFDIIThis paper discusses the potential consequences of the international tax provisions of the recent Tax Cut and Jobs Act (TCJA), drawing on existing research. TheSocial Science Electronic Publishing...
this would create the need to estimate the full impact on total tax due in all areas, including federal, state, and any applicable international provisions.
the child tax credit, such as college-aged children and dependent parents. This Credit for Other Dependents is subject to the same income limits as the child tax credit.2But caregivers can no longer claim the $4,050personal exemptionfor an elderly parent due to the repeal of this provision....
The arm’s length standard has long been a bedrock principle of the tax law. The TCJA introduced a number of changes that could have a significant impact on the arm’s length standard’s place in the world of international tax. This discussion will focus on the backgroun...
The TCJA prompted an initial flurry of activity around tax conformity matrices and fitting old state tax constructs into a new federal and international tax paradigm. This was followed by lengthy regulations on these new provisions and then amendments, including retroactive changes under the CARES Act...
FDII) provisions, the business interest expense limitation of IRC Section 163(j), federal 100-percent bonus depreciation, IRC Section 199A, the limitation on meals and entertainment, and other federal international, corporate, partnership, and personal income tax changes enacted by federal tax ...
Congress will hold a lame duck session in December. It’s unlikely we will see any major tax bills pass by the end of the year. Instead, GOP lawmakers appear to be looking ahead and focusing on certain provisions fromthe Tax Cuts and Jobs Act of 2017 (TCJA)that are set to expire or...
The Tax Cuts and Jobs Act (TCJA) is the most significant overhaul of the US tax code in more than 30 years, effectively lowering business and individual tax rates and modernizing the US international tax rules. There are a variety of provision in the TCJA that are expected to be particular...
The International Provisions of the TCJA: A Preliminary Summary and Assessmenttax reformThe Tax Cuts and Jobs Act (TCJA), as passed by Congress and signed into law on December 22, 2017, represents the most far reaching reform of the US internationa...