Mark Saunderson and Miles Humphrey (Deloitte) examine what has happened since the Tax Cuts and Jobs Act was passed.
For many years the world of international tax was for most countries one in which major changes occurred regularly. Tax rates went up and down; new areas were added such as controlled foreign company (CFC) rules; and incentives were introduced such as dividend exemptions and the ability to sell shares tax free. However one thing never seemed to change: the US tax system which had remained broadly the same since 1986.
That seemingly unalterable position was swept away at the end of 2017 when Public Law 115-97 commonly known as the Tax Cuts and Jobs Act (TCJA) was enacted. The key corporate changes that were introduced by that Act included:
a cut in...
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Mark Saunderson and Miles Humphrey (Deloitte) examine what has happened since the Tax Cuts and Jobs Act was passed.
For many years the world of international tax was for most countries one in which major changes occurred regularly. Tax rates went up and down; new areas were added such as controlled foreign company (CFC) rules; and incentives were introduced such as dividend exemptions and the ability to sell shares tax free. However one thing never seemed to change: the US tax system which had remained broadly the same since 1986.
That seemingly unalterable position was swept away at the end of 2017 when Public Law 115-97 commonly known as the Tax Cuts and Jobs Act (TCJA) was enacted. The key corporate changes that were introduced by that Act included:
a cut in...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
