Page 88 - International Taxation IRS Training Guides

Introduction

II covered the major Tax Cuts and Jobs Act (“TCJA”)
 Topic

provisions which brought sweeping changes to federal tax

on how the
law. The Topic III presentation will focus
of the TCJA affect Global Effective Tax
international aspects

analysis and why ETR is an important tool for
Rate (“ETR”)
compliance risk identification.

 ETR
analysis, along with Topic IV Global Tax Org Chart
analysis, is a useful tool in identifying issue risk
(“GTOC”)
large US multinational entities (“MNEs”)
indicators for

examinations.

is a more accurate reflection of a company's
 Generally, ETR

tax
liability than its statutory tax rate. ETR analysis helps to
risk” or “risk indicators”
determine if there is “no risk”, “low
that require further
review.

3