US Tax Reform & Operational Transfer Pricing: Are you GILTI or BEAT?

Governments and multinational businesses have long gone toe-to-toe in determining the fair amount of tax to pay at year’s end. However, as these firms expand their in-house supply chains and operations across more borders, tax authorities have also evolved. To better track and control the outflow of money to foreign subsidiaries, in 2018 the United States enacted a series of reforms in relation to inter-company accounting and transfer pricing.

These changes to tax provisioning in the United States are entirely different from the OECD’s recent rollout of the BEPS initiative. Because the compliance challenges they now pose for your organization are significant, we wanted to break down the key things to look out for, as well as several new opportunities you can take advantage of.

Watch our free on-demand webinar in partnership with Deloitte to learn more about:

• The role of inter-company accounting and how it’s driving the need for more sustainable development in transfer pricing
• The key provisions to account for, including Global Intangible Low-Taxed Income (GILTI), Base Erosion and Anti-Abuse Tax (BEAT), and Foreign Derived Intangible Income (FDII)
• How organizations must harness technology to better collect, categorize, and process their accounting data to remain in compliance while also supporting internal tax policies