Tax Cuts and Jobs Act News
By: Josh White
The Tax Cuts and Jobs Act (TCJA) is the most eagerly-awaited tax bill in a generation, with implications for trillions of dollars worldwide. International Tax Review looks at the trends since tax reform came into force.
By: Thomas Gryta (The Wall Street Journal)
America’s biggest companies are reporting some of the strongest earnings growth since the recession, boosted by lowered tax rates and a robust U.S. economy that is fueling demand across industries.
By: Sam Fleming (Financial Times)
The US Treasury has set out details of tax reforms to tackle $3tn worth of corporate earnings hoarded overseas, as it introduces a regime it hopes will boost investment in the country.
Some controversial aspects of the new proposed foreign tax credit regulations were intended to reliably approximate economic reality in an administrable way rather than to prevent perceived abuse or avoidance.
By Ryan Finley
The U.S. Treasury has indicated that the door may be open to revisiting its controversial net used tested loss amount rule under its guidance to the global intangible low-taxed income provision.
By Andrew Velarde
Although total uniformity may be unrealistic, the eight countries participating in the Forum on Tax Administration’s international compliance assurance program (ICAP) pilot are trying to develop common risk assessment standards for country-by-country reporting data.
By Ryan Finley