Analysis

New Tax Law At Odds With Treaties, International Policy

Law360, New York (January 9, 2018, 6:10 PM EST) -- The Republicans’ sweeping tax legislation radically revised the treatment of overseas income in a way that undermines tax treaties at a time when U.S. multinational businesses will need them to resolve cross-border disputes that are on the horizon, specialists say.

H.R. 1, previously known as the Tax Cuts and Jobs Act, which President Donald Trump signed on Dec. 22, retools the international tax system and will exempt most of a U.S. company's foreign profits from taxation after it brings home its currently deferred offshore income at a reduced rate. While these changes are meant to recover overseas cash and to protect...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!