Page 175 - International Taxation IRS Training Guides

Recap

enacted significant changes to the US
 TCJA
tax system
international

remains a hybrid with elements of
 US tax system

tax systems
worldwide and territorial

 TCJA international
provisions covered so far:

• Participation exemption

• Transition tax

international overview to come:
 More TCJA

• GILTI

• FDII

• BEAT

• Hybrids
and others

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