Published on 01 Feb 10
by "THE TAX SPECIALIST" JOURNAL ARTICLE
There has been a raft of proposals to reform the US international tax laws and improve their enforcement. Some of the more sensational proposals include the removal of the “check-the-box” election, the determination of deemed paid foreign tax credits on a consolidated basis for all foreign taxes paid by foreign subsidiaries and the repeal of the “80/20” corporation provisions. The impact of these changes is still unclear; however US corporations should be considering the potential impact of these changes now in the event these proposals become law.
Current at 29 May 2009
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