United States - Trump’s Corporate Income Tax Rate Reduction: A CFC Trap for Foreign-Controlled US Subsidiaries
- International,United States
- V.T. Chew
- Bulletin for International Taxation, 2017 (Volume 71), No 6a/Special Issue
- 26 June 2017
President Trump’s proposed tax reform includes a reduction of the corporate income tax rate from 35% to 15%. From the non-US point of view, this article warns that this will trigger the operation of controlled foreign company regimes.