Lecture 3: Understanding U.S. International Tax Policy
The Tax Cuts and Jobs Act reformed the way foreign profits of U.S. multinationals are taxed.
The new tax law moved away from what is called a “worldwide” tax system towards what is a called a “territorial” tax system.
The Tax Cuts and Jobs Act also redefined what corporate income is taxable and when.
This session will provide an overview of the principles behind international tax policy, how other countries structure their international tax policy, and how to think about the new system that was passed as part of the Tax Cuts and Jobs Act.