As part of tax reform initiatives in 2017, Section 965 of the Tax Cut and Jobs Act (TCJA) requires that…
WilkinGuttenplanNovember 3, 2020
The Global Intangible Low Taxed Income (GILTI) tax regime was first introduced under the 2017 Tax Cuts and Jobs Act.…
Robert EwanisAugust 20, 2020
On July 23, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) published in the Federal…
WilkinGuttenplanAugust 20, 2020
The IRS recently announced a new area of focus under its issue-based audit strategy program focusing on Internal Revenue Code…
Lina LadekarlJuly 30, 2020
The Internal Revenue Service (IRS) is continuing to increase its focus on cross border transactions and their reporting requirements. While…
Robert EwanisJuly 17, 2020
The U.S. Small Business Administration (SBA) issued additional guidance on May 18, 2020, clarifying how employees of foreign affiliates are…
Vinay NavaniMay 19, 2020
Just as US corporations must file a US corporate tax return, so must a foreign corporation file a US corporate…
April PengFebruary 26, 2020
Earlier this month, the Finance Minister of India proposed the 2020 budget to be effective from April 1, 2020. One…
Vinay NavaniFebruary 24, 2020
On November 4, 2019, the IRS Large Business and International (LB&I) Division announced its recent campaign regarding promoting the IRC…
April PengNovember 11, 2019
