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
The Continuing Saga of U.S. Tax Classification of Foreign Trusts and Related Penalty Issues -
In Greek mythology, Cerberus, a three-headed dog, was known as the guardian of the underworld. In more recent literature, a...more
One of the most challenging aspects of assisting clients with international tax planning is determining the right entity to use for that client’s situation. Although the Internal Revenue Service (the “IRS”) simplified the...more
On August 25, 2021, Senate Finance Committee Chair Ron Wyden, D-Ore., and fellow Senate Finance Committee Democrats Sherrod Brown of Ohio and Mark R. Warner of Virginia released draft legislation, and a related summary,...more
9/1/2021
/ Biden Administration ,
Controlled Foreign Corporations ,
Corporate Taxes ,
GILTI tax ,
Income Taxes ,
International Tax Issues ,
Proposed Legislation ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Rates ,
Tax Reform