KPMG’s initial observations of the final and proposed BEAT regulations are attached for reference:
Archive for the ‘IRS’ Category
KPMG has provided a quick turnaround on the final and proposed Foreign Tax Credit regulations, linked for reference.
Final and proposed Regulations were issued with respect to the Foreign Tax Credit and BEAT. Noting this regulation package collectively amounts to over 650 pages, it will require time and attention to webcasts, etc. to fully understand the breadth of these rules, especially as they may pertain to 2018 and/or 2019.