December 17, 2018
The U.S. Treasury Department and IRS today released for publication in the Federal Register proposed regulations (REG 104259-18) under section 59A—the “base erosion and anti-abuse tax” (BEAT)—as enacted as part of the new tax law (Pub. L. No. 115-97) (also referred to as the “Tax Cuts and Jobs Act”).
The proposed regulations were released by the IRS on December 13, 2018, in advance of publication in the Federal Register.
KPMG LLP has prepared a 26-page report providing analysis and observations about these proposed regulations. Read KPMG report: Analysis and observations about “BEAT” proposed regulations [PDF 325 KB]