Final BEAT Regs Still Contain Pitfalls For Taxpayers

Law360 (November 13, 2020, 4:06 PM EST) -- On Sept. 3, the U.S. Department of the Treasury issued final regulations regarding the base erosion and anti-abuse tax, or BEAT, imposed on certain large corporate taxpayers with respect to certain payments made to foreign related parties.[1] The final regulations provide guidance on a number of areas, an important section of the regulations pertains to the election to waive deductions for purposes of the BEAT.

In this article, we will outline the reasons for, and the mechanics of, this election, as well as how this election, while a taxpayer-friendly inclusion in the regulations, can come at a significant cost for taxpayers....

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

Related Sections

Law Firms

Government Agencies

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!