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International Tax Compliance

GILTI High-Tax Exception Final Regulations

NEWS

July 29, 2020

GILTI High-Tax Exception Final Regulations

While the final regulations maintain the basic framework of the proposed high-tax exclusion, there are some significant changes. In this blog post, GILTI High-Tax Exception Final Regulations, This article examines these changes, which include the determination of the foreign effective rate of tax on a newly defined tested unit, rather than QBU-by-QBU, basis; the ability to elect the high-tax exclusion retroactively to the 2018 taxable year; and the ability to make the election on a yearly basis. This article will also help you assess the impact of the final regulations on your company’s overall international tax profile.

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New Updates to ONESOURCE Income Tax’s International Module to Help Navigate the 2019 Income Tax Compliance Season

NEWS

June 15, 2020

New Updates to ONESOURCE Income Tax’s International Module to Help Navigate the 2019 Income Tax Compliance Season

Multinational businesses that utilize ONESOURCE Income Tax’s International module are starting to prepare the system for 2019 tax compliance. With the release of ONESOURCE 2019.045 and 2019.062, GTM has new guidance on enhancements to improve your 2019 compliance process by increasing efficiencies and reducing preparation time.

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New Updates to Corptax International to Help Navigate the 2019 Income Tax Compliance Season

NEWS

June 09, 2020

New Updates to Corptax International to Help Navigate the 2019 Income Tax Compliance Season

Multinational businesses that utilize Corptax’s International module are starting to prepare the system for 2019 tax compliance. With the release of Corptax ® 2020.3, GTM has new guidance on enhancements to improve your 2019 compliance process by increasing efficiencies and reducing preparation time.

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Wayfair’s Impact on State Corporate Income Tax

NEWS

June 03, 2020

Wayfair’s Impact on State Corporate Income Tax

States are slowly responding to the Wayfair decision and seeking to apply the ruling to corporate income tax. As they move to expand their economic nexus provisions to corporate income tax, taxpayers should review their tax footprint and consider whether they now have a filing obligation in states where they historically did not.

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3 Tips for Fully Leveraging Your Tax Technology Stack

NEWS

May 20, 2020

3 Tips for Fully Leveraging Your Tax Technology Stack

There are endless tax technology solutions to choose from – from current market leaders to emerging powerhouses. So, how do you fully deploy solutions that will maximize tax insights and raise your department’s abilities? Follow these three key steps.

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Webinar: Top UK Tax Considerations for U.S. GAAP Reporting

Events

May 05, 2020

Webinar: Top UK Tax Considerations for U.S. GAAP Reporting

Multinationals operating in the UK must successfully navigate key considerations when addressing U.S. GAAP reporting. Join this webinar to learn from FTI UK, GTM’s tax partner within the WTS Global tax network, as we delve into each of these considerations to give you practical insights.

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Standardizing the Process Between Tax Compliance & Provision: Why, and How, To Do It

NEWS

April 30, 2020

Standardizing the Process Between Tax Compliance & Provision: Why, and How, To Do It

The COVID-19 pandemic is impacting the global economy to an unprecedented extent, including wreaking havoc on multinational companies’ supply chains. The ensuing chaos is forcing companies to quickly review and adapt their international tax transfer pricing policies to maintain arm’s length pricing for goods, services, and capital.

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Keeping a Pandemic at Arm’s Length: A COVID-19 Transfer Pricing Example

NEWS

April 29, 2020

Keeping a Pandemic at Arm’s Length: A COVID-19 Transfer Pricing Example

The COVID-19 pandemic is impacting the global economy to an unprecedented extent, including wreaking havoc on multinational companies’ supply chains. The ensuing chaos is forcing companies to quickly review and adapt their international tax transfer pricing policies to maintain arm’s length pricing for goods, services, and capital.

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PICPA CPA Conversations Podcast: Separating Stewardship and SG&A is Vital Under the TCJA

NEWS

April 27, 2020

PICPA CPA Conversations Podcast: Separating Stewardship and SG&A is Vital Under the TCJA

In “Separating Stewardship and SG&A is Vital Under the TCJA,” GTM’s Brian Abbey and Raymond Wynman, Managing Directors of GTM’s International Tax Services (ITS) Practice, speak with PICPA’s CPA Conversations Podcast about how the distinctions between Stewardship and SG&A can impact your organization following the U.S. Tax Cuts and Jobs Act (TCJA).

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