Baker McKenzie
06 November 2019

What US Tax Reform Means for Your Business

The signing of H.R. 1 (formerly known as the Tax Cuts and Jobs Act) on 22 December 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 31 December 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 Insights

Insight
23 September 2019
North America Tax News and Developments - September 2019
We feature updates on two proposed regulations on cloud transactions and those involving digital content, victory for Schneider Electric, Amazon v. Commissioner, and more.
Insight
23 August 2019
North America Tax News and Developments
August 2019
We feature updates on FBAR penalty case, final regulations on S Corporation income, Notice 2018-99, QOZ FAQs and more.
Insight
22 July 2019
North America Tax News and Developments - July 2019
This month's edition provides updates on the final and proposed GILTI regulations, developments under the Taxpayer First Act, an update on the Grecian Magnesite Mining v. ...
Insight
17 July 2019
Treasury and IRS Release Final and Proposed Regulations on GILTI and the States Have Now Weighed In
Baker McKenzie's North America Tax Practice Group has prepared a Client Alert on the final and proposed regulations to GILTI that Treasury and the IRS released on June 14, 2019.
Insight
03 July 2019
Treasury and IRS Release Temporary Regulations under Sections 245A and 954(c)(6)
Baker McKenzie's North America Tax Practice Group has prepared a Tax News and Developments Client Alert on the temporary regulations under sections 245A and 954(c)(6)
Insight
25 June 2019
North America Tax News and Developments - June 2019
We feature updates on tax policy, how states will handle GILTI, PLR 201919008 under Section 355 and more.
Insight
May 2019
North America Tax News and Developments - May 2019
This month's edition provides updates on the "May Company" regulations, the proposed basis recovery regulations, substance over form and step transactions doctrines and more!
Insight
19 April 2019
North America Tax News and Developments
April 2019
We feature updates on FDII and GILTI, North Carolina Department of Revenue v. The Kimberley Rice Kaestner case, and Canada’s latest federal budget.
Insight
07 March 2019
Individual US Taxpayers Eligible for GILTI Deduction if Electing Corporate Tax Treatment
On March 4, 2019, the IRS released Proposed Regulations providing that individual US shareholders of controlled foreign corporations, Read more.
Insight
28 February 2019
North America Tax News and Developments
February 2019
We feature updates on Tax Policy, discuss final regulations issued under Section 965, Section 199A, and the Partnership Audit Rules.
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
31 January 2019
North America Tax News and Developments - January 2019
We are pleased to enclose the January issue of Tax News and Developments, a publication of Baker McKenzie's North America Tax Practice Group.
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
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
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
20 November 2018
North America Tax News and Developments - November 2018
We feature updates on The Estate of McKelvey v. Commissioner, Exelon Corporation v. Commissioner, the Supreme Court of Canada’s refusal to hear government appeal, and others.
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
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
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
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
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
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
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
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.

Blog Posts

Contact

Explore More Insight
View All
We use cookies on our website. To learn more about how we use cookies and how to change your cookies settings if you do not want cookies on your computer, please see our Privacy and Cookies Statement. By continuing to use this site you consent to our use of cookies in accordance with our Privacy and Cookies Statement.
View Statement