U.S. Treasury Making Push to Keep More Corporate Taxes Home

shutterstock_205983973

 

For any company considering a tax inversion, the latest news form the U.S. Treasury will likely make it reconsider. Tax inversions, which are used by American companies to reduce their tax bill, occur when a company acquires or opens a subsidiary in a foreign country in order to change its tax address and save millions. Many companies have employed this tactic in recent months, which has caused the government to increase its efforts to stop them.

According to the Treasury Department, the new regulations are aimed at fixing the country’s broken tax system. Specifically, the new regulations from the IRS and the Treasury will seek to put an end to the “earnings stripping” process. This occurs when a company pays deductible interest to an affiliate or parent company in another country, which has lower taxes.

While many corporations have expressed displeasure with the government’s efforts the current White House administration, along with the IRS and the Treasury, has pushed forward to make these changes, especially to target earnings stripping. The department did announce that it would offer a “broad exemption” for short-term loans and cash pools. It also said the effective date won’t be until January 1, 2018, so companies will have more time to prepare and comply with the changing regulations.

You also might like How Much are U.S. Companies Paying in Corporate Tax?

http://www.cnbc.com/2016/10/13/treasury-takes-its-latest-step-to-keep-corporate-taxes-in-the-us.html

Posted in
Regenerative Medicine Fights Congenital Heart Disease with Dr. Timothy Nelson

Regenerative Medicine Fights Congenital Heart Disease with Dr Timothy Nelson in 14 minutes

Introduction (one innovative approach to treat congenital heart disease ) In this interview, Alan Olsen, CPA, MBA discusses how regenerative medicine can fight congenital heart disease with featured guest Dr. Timothy Nelson, MD, PhD.  Dr. Nelson is a general internal medicine practitioner, with a specialty interest in regenerative medicine and the director of the Todd…

Building and Preserving Generational Wealth and Legacy

Building and Preserving Generational Wealth and Legacy

Learn how to build and preserve legacy wealth for generations, the American Dreams Impact Legacy Conference! Tuesday, September 19th at 10 AM PST, Don’t miss this online event! Click this link to register for the webinar. 50% discount with the code “DREAM50“ Learn the importance of crafting your family’s legacy with intent, rather than leaving…

How to Become an Influencer with Jon Levy

How to Become an Influencer with Jon Levy

Introduction In this interview, Alan Olsen, CPA, MBA discusses with Jon Levy how to become an influencer.  Jon is a behavioral scientist, TED talk alum, and New York Times bestselling author. Transcript: Alan Olsen Hi, this is Alan Olsen and welcome to American Dreams. My guest today is Jon Levy. Jon, welcome to today’s show.…

Artificial Intelligence or Authentic Creation? The Debate Over Copyrighting AI Art.

Artificial Intelligence or Authentic Creation? The Debate Over Copyrighting AI Art.

Is artificial intelligence (AI) created art, art? In an age where technological innovation permeates every facet of our lives, the intersection of art and artificial intelligence presents a legal and ethical quagmire. The recent ruling by US District Court Judge Beryl A. Howell declaring AI-generated artwork ineligible for copyright has ignited heated debates among artists,…