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BEGIN:VEVENT
DTSTART:20200629T020000Z
DTEND:20200629T030000Z
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SUMMARY:Joint Tax and Business Economics Committee Video Conference: GILTI and the Transition Tax
DESCRIPTION:Global Intangible Low-Taxed Income (GILTI) was introduced as a concept by the Tax Cuts and Jobs Act\, creating additional work\, stress\, confusion\, and - of course - taxes for foreign corporate subsidiaries of U.S. taxpayers. This impacts not only multi-national corporations\, but U.S. owned SMEs.\n\n\n\nSome taxpayers have not yet addressed these issues\, but this approach comes with high risk. On a properly filed tax return\, the IRS has all the information it needs to determine whether reporting should have been done\, as well as make an assessment. However\, there are still some options for compliance.  All of this makes it very important to be aware of these laws and learn if they apply to you.\n\n\n\nThis video conference will cover\n\n        What foreign subsidiaries are subject to these laws\n\n        The U.S. policy behind the laws\n\n        The flaws with the application of the laws\n\n        The basics of the calculation\n\n        Mitigation options and future planning\n\n        Options to fix noncompliance\n\n\n\n\n\nAbout the Speaker\n\nJosh Maxwell is a partner at Hone Maxwell LLP and a special counsel attorney with the ASEAN Law Firm The Mahanakorn Partners Group Co. Ltd. (MPG).  Mr. Maxwell is a licensed U.S. attorney and CPA. His practice focuses on international tax and federal\, state and local tax issues\, particularly civil and criminal tax controversy defense. Mr. Maxwell advises clients on a wide variety of international tax issues including the Offshore Voluntary Disclosure Program\, FATCA\, treaties\, IRS informational reporting\, and legal needs for expanding into the U.S. market.
X-ALT-DESC;FMTTYPE=text/html:<div>Global Intangible Low-Taxed Income (GILTI) was introduced as a concept by the Tax Cuts and Jobs Act\, creating&nbsp\;<span style="font-family: arial\, sans-serif\;">additional work\, stress\, confusion\, and - of course -&nbsp\;taxes</span>&nbsp\;<span style="font-family:arial\,sans-serif\;">for foreign corporate subsidiaries of U.S. taxpayers. This impacts not only multi-national corporations\, but U.S. owned SMEs.<br />\n<br />\nSome taxpayers have not yet addressed these issues\, but this approach comes with high risk. On a properly filed tax return\, the IRS has all the information it needs to determine whether reporting should have been done\, as well as make an assessment. However\, there&nbsp\;are still some options for compliance.&nbsp\; All of this makes it very important to be aware of these laws and learn&nbsp\;if they apply to you.</span><br />\n<br />\n<span style="font-family:arial\,sans-serif\;">This video conference will cover</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;What foreign subsidiaries are subject to these laws</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;The U.S. policy behind the laws</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;The flaws with the application of the laws</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;The basics of the calculation</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Mitigation options and future planning</span><br />\n<span style="font-family:arial\,sans-serif\;">&middot\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;&nbsp\;Options to fix noncompliance</span><br />\n<br />\n<br />\n<strong><span style="color:#2F5597\;"><span style="font-family:arial\,sans-serif\;">About the Speaker</span></span></strong><br />\n<span style="font-family:arial\,sans-serif\;">Josh Maxwell is&nbsp\;a partner at Hone Maxwell LLP and&nbsp\;a special counsel attorney with the ASEAN Law Firm The Mahanakorn Partners Group Co. Ltd. (MPG).&nbsp\; Mr. Maxwell is a licensed U.S. attorney and CPA. His practice focuses on international tax and federal\, state and local tax issues\, particularly civil and criminal tax controversy defense. Mr. Maxwell advises clients on a wide variety of international tax issues including the Offshore Voluntary Disclosure Program\, FATCA\, treaties\, IRS informational reporting\, and legal needs for expanding into the U.S. market.&nbsp\;</span></div>\n
LOCATION:Video Conference
UID:e.3314.1626
SEQUENCE:3
DTSTAMP:20260422T222647Z
URL:https://connect.amchamthailand.com/events/details/joint-tax-and-business-economics-committee-video-conference-gilti-and-the-transition-tax-1626
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