On July 4, 2025, US President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. The legislation introduces significant changes to both international and domestic business tax rules for US taxpayers. While...more
7/16/2025
/ Business Taxes ,
Corporate Counsel ,
Corporate Taxes ,
Federal Budget ,
Federal Trade Commission (FTC) ,
Foreign Tax Credits ,
GILTI tax ,
International Tax Issues ,
New Legislation ,
Tax Credits ,
Tax Deductions ,
Tax Reform ,
Trump Administration
On January 4, 2022, the US Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Final Regulations) that deny a foreign tax credit (FTC) for certain foreign withholding taxes...more