U.S. FTCs and Brazil’s Tax Developments (Part 2): Timing Is Everything

Episode 09-2022 | Just before Thanksgiving, the U.S. Treasury Department and IRS published a new set of proposed foreign tax credit (FTC) regulations. And while U.S. multinationals may be thankful for the additional flexibility of the proposals, there’s a real question as to how much they actually help, particularly with respect to Brazilian income and withholding taxes. Still, the Brazilian tax authorities have also been hard at work, and with a little luck, the stars will align…”soon”…

Sitting down to discuss—from the KPMG Tax & Legal Summit in Mexico City—with podcast hosts Kimberly Majure and Kortney Wallace are Roberto Salles, an international tax partner from KPMG in Brazil, and Carlos Perez Gomez, the partner who leads Transfer Pricing Controversy for KPMG in Mexico.