Operating in a Foreign Branch After Tax Reform - McDermott Will & Emery

Operating in a Foreign Branch After Tax Reform

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Overview


Lowell Yoder wrote this bylined article on how income earned in a foreign branch is treated following the 2017 Tax Act. “Under the 2017 Tax Act, however, income earned in a foreign branch is treated less favorably than if earned in a foreign subsidiary or directly in the United States, and new rules make it more costly to incorporate a foreign branch,” he said.