Even with the bill still in Conference, here are some things businesses should follow closely.
Both House and Senate Bills call for deemed repatriation of accumulated foreign profits at reduced tax rates. ...more
12/8/2017
/ Acquisitions ,
Adjusted Gross Income ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Partner ,
Foreign Subsidiaries ,
Fringe Benefits ,
IRS ,
Like Kind Exchanges ,
Mergers ,
Partnerships ,
Reorganizations ,
Repatriation ,
Section 1031 Exchange ,
Share Buybacks ,
Shareholders ,
Subpart F
On July 13, 2017, in Grecian Magnesite Mining, Industrial and Shipping Co. SA v. Commissioner (149 T.C. No. 3 (2017), the U.S. Tax Court concluded that gain recognized by a foreign corporation upon redemption of its interest...more