Award-Winning Article Series
INSIGHT: Fundamentals of Tax Reform: BEAT Proposed Regulations
May 28, 2019 | KPMG's Kimberly Majure, John DerOhanesian, and Brett Bloom analyze the proposed regulations for the base erosion and anti-abuse tax (BEAT). The authors find while some of the questions posed for practitioners by the new tax code section were answered, the proposed regulations raised even more.
INSIGHT: Fundamentals of Tax Reform: Domestic Provisions, Common Myths
March 15, 2019 | KPMG's James Atkinson and Kimberly Majure debunk five myths arising from the domestic provisions of the 2017 tax law and their interaction with the law’s international provisions.
INSIGHT: Fundamentals of Tax Reform: GILTI
November 16, 2018 | KPMG's Barbara Rasch and Joshua Kaplan provide a general overview of the global intangible low-taxed income (GILTI) rules in new tax code Section 951A. They explain the issues involved in computing the GILTI inclusion, taking into account the guidance provided in the recently issued GILTI proposed regulations.
INSIGHT: Fundamentals of Tax Reform: BEAT
September 21, 2018 | Kimberly Majure and John DerOhanesian of KPMG discuss of one of tax reform’s “sticks"—the base erosion and anti-abuse tax (BEAT). The authors explain the calculation of the BEAT, some of the open issues and considerations, and possible, practical strategies for addressing BEAT exposure.
INSIGHT: Fundamentals of Tax Reform: FDII
August 13, 2018 | KPMG's Kimberly Majure and Barbara Rasch discuss the calculation of the deduction for foreign-derived intangible income (FDII). They explain the critical issues that require careful consideration and present planning opportunities, and they suggest best practices while IRS guidance remains pending.