Overview:
Enhance your value to a client or employer who operates overseas by providing advice on international taxation. This program gives you a comprehensive overview of the entire subject and reveals:
- The old and new rules on how US corporations operating abroad are taxed
- What the Tax Cuts and Jobs Act (TCJA) of 2017 changed regarding US multinationals
- The international tax rules that affect all companies, including the base erosion provisions of the TCJA
Objective:
To enable CPAs and other tax professionals to become more valuable to their corporations or clients by becoming knowledgeable about international taxation. Participants will gain a basic understanding of how the US taxes a domestic corporation on its foreign income and, conversely, how foreign companies operating in the US are taxed. You will see the effect of the TCJA on both “Outbound” and “Inbound” companies.
Emphasis:
- Fundamental Global Tax Policies
- Source based taxation
- Language and terminology of international taxation
- Determining a company’s global footprint
- Multinational taxation before and after the TCJA
- Foreign tax credit
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TCJA changes affecting both Outbounds and Inbounds
– Base Erosion and Anti-Abuse Tax (BEAT)
– Disallowed deductions for hybrid instruments and transactions
– Transfer Pricing and OECD BEPS initiatives