Description
Covers the other major areas of US international tax reform such as DRD, GILTI, BEAT, FDII, and Section 965.
Objectives
- Identify new foreign dividends received deduction
- Recall the new Global Intangible Low-Tax Income basket
- Identify the Foreign Derived Intangible Income deduction
- Recall the Base Erosion Anti-Abuse Tax
- Identify the various types of Section 956 investments in U.S. property
- Apply the exceptions to Section 956
- Calculate Section 956
- Apply Section 960(c)
- Identify when E&P becomes PTI
- Determine the tax consequences upon a distribution of PTI
- Identify the impact PTI has on outside tax basis in CFC stock
- Determine when Section 1248 applies
- How section 1248 is calculated.
Highlights
- GILTI
- FDII
- BEAT
- DRD
- Section 965
- Section 956 - types
- Calculation
- 960(c)
- Section 959 - PTI distributions and implications
- Section 1248 applicability
- Section 1248 calculations