Skip to Main Content

Kirsten Burmester Comments on BEAT in Tax Notes

December 9, 2019, Tax Notes

Treasury is defending its decision not to carve out from the base erosion and antiabuse tax an exception for the global intangible low-taxed income provision or subpart F amidst widespread calls from practitioners.

. . .

Speaking at a December 5 event sponsored by the District of Columbia Bar Taxation Community in Washington, Kimberly Majure of KPMG and Kirsten Burmester of Caplin & Drysdale offered their own explanation for the lack of exception — one not found in the regs’ preamble: that it would lead to many U.S. multinationals not being subject to BEAT.

“It basically would have gutted the statute itself,” Burmester said.

For the full article, please visit Tax Notes’ website (subscription required).


About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
295 Madison Avenue
12th Floor
New York, NY 10017


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2021 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)