The Treasury Department and Internal Revenue Service issued proposed regulations under section 59A, the “base erosion and anti-abuse tax” (BEAT) enacted under the 2017 U.S. tax law. The proposed regulations provide guidance on which taxpayers will be subject to section 59A; the determination of what is a base erosion payment; the method for calculating the base erosion minimum tax amount; and the required BEAT resulting from that calculation. Read KPMG’s report on initial impressions of the BEAT proposed regulations.
KPMG LLP (KPMG) is pleased to a 90-minute TaxWatch webcast on the BEAT proposed regulations. Professionals from KPMG’s Washington National Tax practice will summarize key provisions and provide their insights on the potential implications for multinational companies. The potential impact of BEAT on U.S. banks and insurance companies with foreign operations will also be discussed.
Please join us for what promises to be an insightful and informative webcast.