Who was affected by the Repatriation Tax?

The rules are complex. US individuals and businesses were subject to the tax if their ownership percentage in a foreign corporation exceeded certain thresholds in late 2017. For example, the tax often applied to: Individuals who, together with family members, owned or controlled a [...]

By |2020-02-14T16:23:14-05:00January 20th, 2020|

What was the purpose of the Repatriation Tax?

When the 2017 Tax Cuts and Jobs Act (TCJA) became law, a new international corporate tax system went into effect, replacing a tax system that dated back to 1962. Under the old system, businesses could defer US tax on foreign earnings if they did [...]

By |2020-01-20T12:08:59-05:00January 20th, 2020|
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