U.S. International Tax

The U.S. International Tax Committee works on educational and advocacy efforts regarding the U.S. taxation of international business operations.

U.S. INTERNATIONAL TAX

Staff Liaison:

Ben Shreck, Tax Counsel
202.464.8353

 


The U.S. International Tax Committee works on educational and advocacy efforts regarding the U.S. taxation of international business operations.

TEI Files Comments regarding Proposed Regulations addressing the Foreign Tax Credit

On February 18, TEI submitted comments to the IRS and U.S. Treasury Department regarding proposed regulations related to the U.S. foreign tax credit. TEI’s comments primarily addressed the administrative burden the proposed regulations would impose on claiming a foreign tax credit due to a foreign tax redetermination under section 905(c), as well as issues related to “stewardship” expenses.

TEI Comments on the OECD’s “GloBE” Proposal

On December 2, TEI filed comments responding to the OECD’s public consultation document entitled Global Anti-Base Erosion Proposal (“GloBE”) – Pillar Two, focusing on the need for states to withdraw unilateral measures, a strong binding dispute resolution mechanism, and clear ordering rules, among other things.

TEI Files Comments regarding the OECD Secretariat’s “Unified Approach” to Pillar One

On November 11, TEI submitted comments to the OECD Secretariat regarding its proposed “unified approach” to “Pillar One” of the tax challenges of the digitalization of the economy. TEI’s comments focused on the need for (i) the withdrawal of unilateral measures after a multilateral agreement, (ii) a multilateral dispute resolution mechanism; and (iii) reliance on taxpayer consolidated financial statements for purposes of the approach, among other subjects.

TEI Files Comments on the Proposed GILTI High-Tax Exception

On September 18, TEI submitted comments to the Treasury and IRS regarding proposed regulations under section 951A, better known as “GILTI”, commending the Government on the proposed GILTI high-tax exception and recommending certain changes to the exception consistent with sound tax policy.

TEI Files Supplemental Comments on Proposed BEAT Regulations

Summary Sentence/Magazine Intro (1-2 sentences; abbreviate TEI; include committee and contributor recognition if needed): On August 12, TEI submitted comments to the Treasury and IRS regarding proposed regulations under section 59A, better known as the “BEAT”, recommending an alternative method to calculate a taxpayer’s BEAT liability.

TEI Holds U.S. Congressional Liaison Meetings

On May 1–2, 2019, a delegation of Executive Committee and Tax Reform Task Force members assembled in Washington, D.C., for the Institute’s first set of congressional liaison meetings since the late 1990s.

TEI Submits Comments regarding FDII and GILTI Deductions

On May 6th, TEI submitted comments to the Internal Revenue Service and U.S. Department of the Treasury regarding proposed regulations on the new section 250 deductions for foreign-derived intangible income and global intangible low-taxed income.

TEI Submits Comments to the OECD regarding Digitalization of the Economy Consultation

On March 4th, TEI submitted comments to the OECD regarding its public consultation document entitled Addressing the Tax Challenges of the Digitalisation of the Economy. TEI will also participate in in the upcoming public consultation on March 13-14 in Paris.

TEI Participates in Annual IRS and Treasury Department Liaison Meetings

On February 28 and March 1, 2019, TEI participated in its annual liaison meetings with senior officials from the IRS and Treasury’s Office of Tax Policy.
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