Webcast: Obama administration - international tax changes ahead in the US?

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June 2009

This webcast focuses on President Obama’s proposed international tax reform and the impact it may have on your company. This will be of particular interest to UK subsidiaries of US multinationals.

Hosts: Tom Patten, a PwC US tax partner based in the UK, and Jonathan Hare, a PwC UK international tax partner.

The Obama administration’s international tax proposals contain a number of key changes, including:

Restrictions on the ability to deduct expenses in the US (e.g. interest and head office costs) relating to foreign income that is not repatriated to the US;
Pooling of all offshore income for foreign tax credit purposes;
Revision to the “check the box” rules relating to entity classification for US tax purposes (i.e. changes to the treatment of certain companies as “disregarded entities”); and
Codification of the economic substance doctrine.

These changes could significantly impact the way in which US multinationals structure the holding and financing of their foreign operations. Our experts discuss these proposals and how they could impact UK companies.

Click to view webcast

Contacts

Colette Robson

+44 (0) 20 7804 2582

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