Baker McKenzie
2018

What US Tax Reform Means for Your Business

The signing of H.R. 1 (formerly known as the Tax Cuts and Jobs Act) on December 22, 2017 marks the first major overhaul of the US tax code in over 30 years. The new law makes sweeping changes to the tax code, many of which are effective for tax years beginning after December 31, 2017. With the bill’s passage, Baker McKenzie has prepared a series of alerts providing an in depth analysis of the bill and how it could impact multinational corporations.

Featured Insight

Insight
12 March 2019
APMA's New Model Signals Move Toward Profit Splits
This insight goes into further details about the IRS APA program's new Functional Cost Diagnostic Model and how it may impact taxpayers.
Insight
16 February 2019
Treasury and IRS Release Voluminous Section 163(j) Proposed Regulations
This insight offers a more detailed discussion of select issues which taxpayers have been concerned about since Congress enacted section 163 (j). 
Insight
17 January 2019
Treasury and IRS Release Proposed BEAT Regulations
This client alert provides both high level overview and detailed discussion of the BEAT and the Proposed Regulations.
Insight
17 January 2019
Treasury and IRS Release Proposed Foreign Tax Credit Regulations
This insight provides an in-depth analysis of how the proposed regulations relating to foreign tax credits will impact taxpayers.
Insight
20 December 2018
North America Tax News and Developments - December 2018
We feature updates on Tax Policy, proposed regs under Section 956, 163(j) and Foreign Tax Credits, along with updates in State and Local Tax.
Insight
03 October 2018
Treasury and IRS Release Proposed GILTI Guidance
Read our practitioners’ in-depth analysis of the recently proposed regulations under Section 951A that were released on 13 September 2018 and how it will impact taxpayers.
Insight
September 2018
North America Tax News and Developments - September 2018
Read our practitioners’ insights on recent Treasury and IRS proposed GILTI Guidance, the final regulations under section 7874, and the latest IRS transactional rulings.
Insight
August 2018
IRS Issues Guidance on Section 162(m) Amendments
Guidance takes a narrow view of the grandfathering relief for arrangements in effect under prior law.
Insight
17 August 2018
North America Tax News and Developments - August 2018
We feature updates on the Altera opinion, Treasury’s proposed regulations implementing the TCJA, the 2016 debt-financed temporary regulations and more.
Insight
19 July 2018
North America Tax News and Developments - July 2018
We feature updates on South Dakota v. Wayfair, Treasury and IRS guidance on the TCJA, and LB&I’s announcement of five additional compliance campaigns.
Insight
19 June 2018
North America Tax News and Developments - June 2018
We feature updates on Tax Policy and Congress, Section 355 developments, new LB&I campaigns, updates in State and Local Tax and more.
Insight
18 May 2018
North America Tax News and Developments - May 2018
We feature updates on South Dakota v. Wayfair, Section 163(j), Rev. Proc. 2018-12, PLR 201805012, EU taxation on the digital economy, updates in State and Local Tax and more.
Insight
22 April 2018
North America Tax News and Developments - April 2018
We feature updates on a new agreement between Treasury and OMB, LB&I’s new compliance campaigns, updates in State and Local Tax and more.
Insight
March 2018
North America Tax News and Developments - March 2018
We feature updates on Coca-Cola’s Tax Court win, PLR 201802007, new transfer pricing directives, updates in State and Local Tax and more.
Insight
22 February 2018
North America Tax News and Developments - February 2018
We discuss current developments in US Tax Reform, including transition tax matters, FDII and GILTI, Subpart F, Base Erosion and more.
Insight
14 February 2018
Impact of Tax Reform on Real Estate
We outline the many impacts that the Tax Cuts and Jobs Act has had on the Real Estate industry.
Insight
20 December 2017
US Tax Reform: Tax Cuts and Jobs Act Expected to Come into Effect in 2018
As of 20 December 2017, both the House of Representatives and the Senate have voted to approve the final version of the Tax Cuts and Jobs Act.
Insight
20 December 2017
The Tax Cuts and Jobs Act: Congress Passes A Major Tax Bill For First Time in Thirty Years
This client alert describes the contents of the "Conference Agreement" or "bill" and provides some preliminary observations.
Insight
20 December 2017
US Tax Reform - Provisions Impacting Private Equity
A summary of certain provisions of the Conference Agreement that will likely have an impact on private equity and private equity funds.
Insight
20 December 2017
US Tax Reform – Provisions Impacting the Renewable Energy Industry
The Conference Agreement bears good news for renewables, particularly as it retains existing rules on tax credits applicable to the renewables industry, and it also significantly curtails the negative ...
Insight
18 December 2017
North America Tax News and Developments - December 2017
This month's edition features developments in tax reform, private letter ruling requests, Panama Papers committee report, along with updates in state and local tax.
Insight
21 November 2017
North America Tax News and Developments - November 2017
We feature  updates on Tax Reform, proposed rules affecting registered obligations, analyses of recent Tax Court cases, along with state and local tax developments in New Jersey and Delaware.
Insight
13 November 2017
Senate Finance Committee Releases "Chairman’s Mark" of Tax Reform Legislation; Mark Up Begins
We discuss the provisions in the Senate Finance Committee's conceptual mark released last 9 November 2017.
Insight
13 November 2017
US Tax Reform: Compensation Update #1 House Ways and Means Committee Revisions & Senate Mark of Tax Cuts and Jobs Act
This alert provides a snapshot of the current status of tax reform.
Insight
07 November 2017
Proposed Tax Reform Bill Puts Compensation & Benefits in the Crosshairs
If enacted, these changes will have a substantial impact on equity compensation, and issuers will need to re-evaluate the types of equity awards they offer.
Insight
06 November 2017
Significant Impact on Equity-Based Compensation Under Proposed Tax Reform Bill
The Tax Cuts and Jobs Act proposes sweeping changes to the taxation of executive compensation and employee benefits, including equity awards.
Insight
03 November 2017
Ways and Means Committee Releases "Tax Cuts and Jobs Act"
We provide a high-level summary of the provisions set forth in the draft release of the ways and means bill.

Speak to our Experienced Legal Professionals

 

Acharya, Narendra               Batter_Ann_CV               Bennett, Mary C. 06247              
Narendra Acharya               Anne G. Batter                    Mary C. Bennett                  Carol A. Dunahoo
Partner, Chicago                    Partner, Washington, DC    Partner, Washington, DC      Partner, Washington, DC 

 

Image               Chicago_Guldberg_Christopher_10098               Sinead Kelly              
Victor A. Flores                   Christopher Guldberg        Sinead M. Kelly                   Maura Ann McBreen                 
Partner, San Francisco          Partner, Chicago                    Partner, San Francisco          Partner, Chicago

 

Minkovich_Alexandra              
Alexandra Minkovich        Joshua D. Odintz
Of Counsel                              Partner, Washington, DC
Washinton, DC

 

For Media Inquiries contact Mary Kate Martin

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