Tax Law News and Insights

Double Taxation of Overseas Earnings Prior to the Tax Act, the principal method for avoiding the double taxation of overseas corporate earnings—once by the local country and a second time by the United States as the multinational's home country—was the foreign tax credit ("FTC"). Although the FTC regime was (and...

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As you probably know, both the House and Senate have passed tax reform bills. Whether the two bills will be able to be harmonized and passed into law remains to be seen. Both bills include changes that will have a significant impact on a public company's ability to deduct compensation...

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On October , the "other shoe dropped" on eight regulations issued by the Obama administration in 2016 and January 2017. These eight measures were first identi­fied in an interim Report to the President as unnecessary, unduly complex, exces­sively burdensome, or failing to provide clarity and useful guidance. They will be...

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