A streamlined procedure does not clear a GILTI conscience
In December 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. The TCJA made significant amendments to the Internal Revenue Code (IRC). Among them was the introduction of a transition tax under IRC section 965—a tax on accumulated earnings of certain foreign corporations in the hands of U.S. shareholders. This new tax marked a transition to taxing the active income of foreign corporations.
Read more
Baker Tilly Ottawa LLP
400-301 Moodie Drive
Ottawa, Ontario
K2H 9C4

ottawa@bakertilly.ca   |   bakertilly.ca
Baker Tilly Canada periodically publishes U.S. Tax Alert for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada with respect to U.S. issues. While U.S. Tax Alert suggests general planning ideas, we recommend professional advice always be sought before taking specific planning steps.
Mayk Ideas
facebook Twitter Linkedin Instagram






This email was sent to newsletter@newslettercollector.com
why did I get this?    unsubscribe from this list    update subscription preferences
Baker Tilly Ottawa LLP · 301 Moodie Drive · Suite 400 · Ottawa, Ontario K2H9C4 · Canada