Technology

Even More GILTI: Nuances in the GILTI Calculation

NEWS

March 28, 2018

Even More GILTI: Nuances in the GILTI Calculation

In this blog, we will present a detailed calculation of the GILTI tax, illustrating the impact of performing the calculation on a consolidated vs. entity-by-entity basis. We will then refine a point we made in the Tax Notes article on apportioning expenses to GILTI, indicating that the effects of apportioning expenses depend on the foreign tax rate and the foreign tax credit (FTC) position of the U.S. shareholder.

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GILTI, FDII, and BEAT: Thinking Ahead to First-Quarter Provision

NEWS

March 15, 2018

GILTI, FDII, and BEAT: Thinking Ahead to First-Quarter Provision

Read this article, published in Tax Notes to learn more about GILTI, FDII, and BEAT, and how you should be preparing for first-quarter corporate provision. We cover the current state of accounting under ASC 740, and identify issues to consider when developing estimates of your annual effective tax rate for 2018.

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Changes to the $1 Million Compensation Deduction Limitation 

NEWS

March 09, 2018

Changes to the $1 Million Compensation Deduction Limitation 

The Tax Cuts and Jobs Act of 2017 (TCJA), enacted on December 22, 2017, made significant changes to IRC Section 162(m). In our latest blog, Jim Swanick summarizes the prior rules as well as the changes made under TCJA, which are effective for years beginning after December 31, 2017.

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GTM Joins Thomson Reuters ONESOURCE Certified Implementer Program as First Firm in Silver Tier

NEWS

February 20, 2018

GTM Joins Thomson Reuters ONESOURCE Certified Implementer Program as First Firm in Silver Tier

WAYNE, Pa. (February 20, 2018) PRNewswire— Global Tax Management (GTM) announced today that it has joined the Thomson Reuters ONESOURCE Certified Implementer Program (CIP) as the first Silver Tier CIP Firm. Thomson Reuters recently applied a tiered structure to CIP to further enable and formalize the growing implementer ecosystem of ONESOURCE, the company’s market-leading corporate tax software platform.

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Global Tax Management Expands International Transfer Pricing Capabilities

NEWS

February 15, 2018

Global Tax Management Expands International Transfer Pricing Capabilities

WAYNE, Pa. (February 15, 2018) PRNewswire— Corporate tax services firm Global Tax Management, Inc. (GTM) announced today the addition of transfer pricing specialist Kevin Croy to the firm’s International Tax Services (ITS) practice. As Managing Director, Transfer Pricing, Kevin is responsible for delivering all operational transfer pricing, benchmarking, and documentation services offered by the firm.

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IRS Notice 2018-13: How it Affects Your Toll Tax Model

NEWS

January 26, 2018

IRS Notice 2018-13: How it Affects Your Toll Tax Model

In this update to our previous post on the toll tax, we highlight the key proposals in Notice 2018-13, noting particularly where changes will affect clients’ ongoing work to model the toll tax for end-of-year provision purposes.  

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