The Tax Cuts and Jobs Act (TCJA) significantly changed the way in which the tax code treats the foreign profits of U.S.-based multinational corporations.
The new tax law eliminated the additional domestic tax on foreign profits repatriated to the U.S. by enacting a “participation exemption,” the centerpiece of what is called a “territorial” corporate tax system.
At the same time, the TCJA enacted new anti-base erosion provisions aimed at income stripping and a minimum tax on certain foreign-source profits.
On Friday, May 4th at 12 noon, we will bring together several of today’s leading international tax experts for a detailed discussion of the new international tax laws, including but not limited to:
- The new dividend exemption system
In addition to shedding light on these provisions and their workings, panelists will discuss the real-world application of the U.S.’s new international tax system.
Panelists will include:
- Pat Brown, Vice President & Counsel, Tax, GE Power and Renewables
- Dave Lewis, Former VP of Global Tax, Eli Lilly and Company
- Kyle Pomerleau, Director of Federal Projects
Tax Foundation President Scott Hodge will moderate. Food will be served.