On July 4th, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”). This alert expands upon our Firm’s prior alert and is intended to summarize the main tax law changes that may impact: (i) U.S....more
7/14/2025
/ Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Corporations ,
Foreign Tax Credits ,
GILTI tax ,
International Tax Issues ,
New Legislation ,
One Big Beautiful Bill Act ,
Tax Deductions ,
Tax Liability ,
Tax Planning ,
Tax Reform
As you may be aware, the House Ways and Means Committee recently approved a multitrillion-dollar tax package (the “Proposal”) that has significant tax impact on both individuals and corporations. ...more
9/20/2021
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Biden Administration ,
Budget Reconciliation ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Derived Intangible Income (FDII) ,
Foreign Tax Credits ,
GILTI tax ,
International Tax Issues ,
Legislative Agendas ,
Private Equity ,
Tax Reform ,
Ways and Means Committee