Base Erosion Anti-abuse Tax (BEAT) | U.S. Taxation скачать в хорошем качестве

Base Erosion Anti-abuse Tax (BEAT) | U.S. Taxation

To prevent large U.S. corporations from shifting profits to low-tax countries, the Tax Cuts and Jobs Act of 2017 introduced the Base Erosion Anti-Abuse Tax (BEAT). The BEAT provisions apply to any U.S. company that: (1) is a C corporation (2) had at least $500 million in gross receipts over the prior 3 years (3) has excessive deductible payments to a related party (a non-U.S. entity of which the U.S. corporation owns at least 25%) A corporation is deemed to have "excessive" deductible payments if its tax base erosion items (royalties, interest, rent, management fees) exceed 3% of its deductible payments. If these provisions apply, then the U.S. corporation's federal income tax liability will be the greater of: (a) the company's regular tax liability, or (b) 10% of the company's taxable income, after adding back the base erosion items (royalties, interest, rent, management fees)— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world. — SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING • A 44-PAGE GUIDE TO U.S. TAXATION • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS • MANY MORE FREE PDF GUIDES AND SPREADSHEETS http://eepurl.com/dIaa5z — SUPPORT EDSPIRA ON PATREON *  / prof_mclaughlin   — GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/4WaNTqV... Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK   / prof_mclaughlin   — ACCESS INDEX OF VIDEOS https://www.edspira.com/index — CONNECT WITH EDSPIRA Facebook:   / edspira   Instagram:   / edspiradotcom   LinkedIn:   / edspira   — CONNECT WITH MICHAEL Twitter:   / prof_mclaughlin   LinkedIn:   / prof-michael-mclaughlin   — ABOUT EDSPIRA AND ITS CREATOR https://www.edspira.com/about/ https://michaelmclaughlin.com