Path Clearer to Finalizing Global Tax Deal, Yellen Tells Lawmakers
Poland is expected to drop its opposition to a global minimum tax on multinational corporations, clearing the way toward finalizing …
Planning Around Major Changes to the Foreign Tax Credit
By Patricia Brandstetter and Jonathan D. Grossberg Final regulations, issued December 28, 2021 (TD 9959), significantly change longstanding principles for …
Wyden Plans New Tax Rollbacks Against Russia Over Ukraine Invasion
A plan to increase financial pressure on Russia beyond sanctions imposed by the Biden administration is currently being developed by …
Treasury Secretary Yellen: 130 Nations Have Agreed to Global Corporate Minimum Tax
Treasury Secretary Janet Yellen has announced that 130 nations have agreed to proposals by the Organization for Economic Cooperation and …
IRS Grants Relief to U.S. Persons Who Own Stock in Certain Foreign Corporations
In Rev Proc 2019-40, 2019-43 IRB, the IRS has provided relief to certain U.S. persons that own stock in certain …
IRS: Relief Available for Certain Former Citizens
IRS has announced new procedures under which persons who have relinquished, or who intend to relinquish, their U.S. citizenship, who …
Connect with Thomson Reuters at Oracle OpenWorld 2018
Thomson Reuters is pleased to be a Bronze Level Sponsor at Oracle OpenWorld 2018 in San Francisco, Oct. 22-25. Our …
Publication explains how to calculate (deemed repatriation) transition tax
IRS has released Publication 5292 (How to Calculate Section 965 Amounts and Elections Available to Taxpayers).Code Sec. 965, which was amended by …
Thomson Reuters Launches ONESOURCE International Tax Calculator to Help Multinationals Manage New U.S. Tax Reform Requirements
Thomson Reuters has launched ONESOURCE International Tax Calculator to help businesses address and comply with changes brought about by the …
2017 Tax Reform: Guidance on return filing and tax payment for transition tax (deemed repatriation)
With the March 15 and April 17 deadlines approaching for various filers, IRS has released guidance in a Frequently Asked …