WEBCAST

Tax reform: Proposed section 965 regulations’ “transition tax”

Aug 17, 2018 12:00

Webcast overview:

The 2017 tax reform legislation introduced a “transition tax” under section 965 that requires the mandatory repatriation of previously untaxed earnings of U.S. multinationals’ “specified foreign corporations.” On August 1, 2018, the U.S. Treasury Department and IRS released much-anticipated proposed regulations —almost 250 pages in length—on calculating and reporting this tax. The proposed regulations implement prior government guidance with greater detail, some unexpected results, and some further unanswered questions. 

KPMG LLP (KPMG) is pleased to invite you to a TaxWatch Webcast that discuss the potential implications of the proposed section 965 regulations. Professionals from KPMG’s Washington National Tax practice, including Seth Green, Doug Holland, and Steve Massed, discuss:

  • Open questions answered by the proposed regulations
  • Lingering uncertainties and potential areas for comments to address
  • The impact of the proposed regulations on legal positions and 2017 tax year returns.

Read KPMG Report: Issues and Analysis of Section 965 Proposed Regulationswhich examines the framework of the proposed regulations and the significant issues answered and raised by these regulations.

Visit our U.S. Tax Reform page for more insights on the implementation of reform.

Speakers:

Seth Green

Seth Green

Principal, Tax, KPMG LLP

Douglas G. Holland

Douglas G. Holland

Managing Director, International Tax, KPMG LLP

Stephen M. Massed

Stephen M. Massed

Managing Director, Tax, KPMG LLP