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U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI


U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI
Daniel Bunn
Key Findings
The U.S. joined many other developed nations in adopting territorial provisions and anti-base erosion rules as part of the 2017 tax reform.
One major piece of that reform, that is not typical in other territorial systems, is a new definition of currently taxable foreign earnings, Global Intangible Low Tax Income (GILTI), which is taxed at an effective rate of 13.125 percent, with the rate set to increase after 2025 to 16.4 percent.
Recent research has shown that foreign earnings of U.S. companies remain taxed at similar rates even after the 2017 reforms, implying that while the structure of U.S. taxes on foreign earnings changed, the overall burden did not. ....

United States , United Kingdom , South Korea , Cayman Islands , Republic Of Korea , Daniel Bunn , Paulw Oosterhuis , Ronaldb Davies , Jamesr Hines , Isaac Wood , Ocean Tomo , Mihira Desai , Joe Biden , Matthewj Slaughter , Jessica Mckeon , Martin Oconnell , Tim Dowd , Karl Edward Russo , Jamesm Poterba , Jamesr Hines Jr , Dan Callahan , Aaron Junge , Zachary Mider , Michaelj Graetz , Cathy Hwang , Anne Moore ,

The New Thing in Contract Research - The Contract Production Process


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posted by Mitu Gulati
Cathy Hwang and Matt Jennejohn, two of the brightest young stars of the contract world, just put up a paper summarizing their view of one of the exciting new directions that contract research is taking. They describe it as the study of contractual complexity ( The New Research on Contractual Complexity , is their title). But I don t like the term contractual complexity at all, since I simply cannot take seriously the idea that anything that lawyers do is all that complex.  Convoluted, confused and obscure, yes.  But complex? Hell no.  What I see their wonderful paper as being about is the new research on the production of contracts.  As they point out, it all starts from the foundations laid in a set of important papers by the brilliant Barak Richman.  Barak has long been puzzled as to why contrac ....

Michelle Boardman , Dave Hoffman , Mark Weidemaier , Jeff Manns , Rob Anderson , Julian Nyarko , Matt Jennejohn , Anna Gelpern , Tess Wilkinson Ryan , Cathy Hwang , Adam Badawi , John Coyle , Barak Richman , Research On Contractual Complexity , New Research , Elisabeth De Fontenay , Capital Markets Law Journal , மைக்கேல் போர்டுமேன் , டேவ் ஹாஃப்மேன் , ஜெஃப் மன்னஸ் , கொள்ளை ஆண்டர்சன் , ஜூலியன் ஞற்கோ , டெஸ் வில்கின்சன் ரியான் , கேத்தி ஹ்வ்யாஂக் , ஆடம் ப்யாடாவி , ஜான் கோய்ல் ,