International Tax Year-End Considerations in 2024
Overview
More than six years have passed since the Tax Cuts and Jobs Act of 2017 (TCJA) brought sweeping changes to the U.S. international tax landscape. Congress continues to balance taxpayer demands for long-overdue guidance on how to address the Pillar Two initiative of the Organization for Co-operation Development. Moreover, taxpayers continue to litigate Congress’ rulemaking authority in courts. While the fiscal environment remains unclear, taxpayers should prepare for an increase in their global effective tax rate and tighter reporting stand over the next couple of years.
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