U.S. Tax Reform Has Global Implications
The tax reform suggests a drastic cut in corporate tax, but the fine print indicates an additional tax burden on U.S. multinationals.
President Donald Trump signed a landmark tax reform on Christmas Eve to replace a 30 year old, complex U.S. tax system. The 429 page law, Tax Cuts and Jobs Act 2017, reflects his resolve to fulfil an election promise, impacting citizens as well as domestic and international businesses.
Here we discuss the changes impacting the cross border tax regime and the U.S. multinational corporations in India. Besides a 20 per cent
