The New Base Erosion Minimum Tax



Lowell Yoder, David Noren and Jonathan Lockhart wrote this bylined article on the base erosion and anti-abuse tax (BEAT) imposed on large corporations by the new tax act. The authors cautioned that BEAT “presents challenges for a wide range of common business structures employed by both non-US-based and US-based multinationals,” and that the Treasury Department has broad authority to prevent avoidance of BEAT.