The CCH Answer Connect Guide on International Tax: Corporations is focused on the major changes made by the Tax Cuts and Jobs Act to the international tax rules that will affect most multinational corporations. These changes will likely require the alteration of global tax strategies and, particularly, the need to revisit and revamp transfer pricing arrangements. Although, the TCJA did not contain any significant modifications to the U.S. transfer pricing rules, the reduction of the U.S. corporate tax rate and the introduction of a base erosion and ant-iabuse tax, global intangible low-taxed income and foreign derived intangible income require that all U.S. taxpayers with cross-border activities, i.e., both inbound and outbound, develop different tax structuring and supply chain alternatives to develop an optimal tax strategy
Mitchell B. Weiss leads Deloitte’s Chicago inbound international tax practice, specializing in restructurings, cross-border M&A, IP migrations, and tax-advantaged financings. Mitch is a licensed attorney and a CPA in Illinois and has published articles in the International Tax Journal, the Tax Adviser, the Akron Tax Journal, Practical European Tax Strategies, BNA Tax Planning International Review, and Practical U.S. International Tax Strategies. Mitch is also the co-author of International Taxation: Corporate and Individual (10th Edition CCH / Wolters Kluwer) and a member of the International Tax Journal’s Advisory Board. Prior to joining Deloitte, Mitch worked in the international tax groups of Arthur Andersen, Sidley & Austin, and Hogan Lovells. Mitch received his B.S. and Masters in Tax, cum laude, from Southern Illinois University and his J.D. from the University of Chicago Law School. He teaches International Taxation of Partnerships. Philip Postlewaite is an expert in the area of tax law and has taught courses in individual, corporate, partnership, and international taxation. He is the author or coauthor of more than 30 books and 30 articles.