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Going “Green”: The call to reform – the US Green Book

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.

Author profile:

Neil Pereira CTA
Neil is a Principal of Corporate and International Tax with Deloitte Touche Tohmatsu Ltd. Current at 01 June 2010 Click here to expand/collapse more articles by Neil PEREIRA.
 
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