International tax & business 2019

Changes to the US tax rules

Source: The Tax Specialist Journal Article

Published Date: 1 Jul 2019


This article discusses those aspects of the 2017 US tax reform which have most relevance to Australian corporate and international taxation, both from a tax policy perspective and for inbound and outbound investment to and from the US. It also discusses how, in 2019, various elements of the US tax reform have become part of the international tax agenda of the inclusive framework on base erosion and profit shifting, which is now the main multilateral means of setting international tax norms. It suggests that the US tax reform is more complex than the common preoccupation with the reduction of the US corporate tax rate, and that the international tax system is close to a significant paradigm shift as a result of US tax reform and the success of the OECD multilateral instrument.

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International tax & business 2019

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