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Unintended Tax Glitch Could Hit Multinationals, Private Equity

Multinationals like Coca-Cola Co. and private equity firms are concerned that a provision in the new tax law could end up changing the way foreign entities that were meant to be exempted are taxed—potentially putting them in the crosshairs of new U.S. international tax rules. The issue arises from a change in the law that will result in more foreign entities being treated as controlled foreign corporations (CFCs).

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By Versprille, Allyson, posted on Thursday July 5, 2018
Tax Reform
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