Both the final and proposed foreign tax credit (FTC) regulations released late last year include important provisions relating to expense allocation and apportionment. Moreover, the importance of the regulations—beyond the FTC limitation—has been magnified for multinational enterprises in the post Tax Cuts and Jobs Act (TCJA) world in light of their interaction with other aspects of the 2017 tax law.
KPMG LLP (KPMG) is pleased to invite you to a 90-minute webcast that examines expense allocation and apportionment post-TCJA. Senior-level KPMG International Tax professionals from KPMG’s Washington National Tax practice provide an overview of the provisions related to the allocation and apportionment of expenses and examine their potential impact on the credibility of foreign taxes (including taxes related to global intangible low-taxed income (GILTI) and the calculation of foreign-derived intangible income (FDII). The webcast covers: