Law360 Quotes Clark Armitage: Cos. Should Consider Foreign Response To US Tax Reform, 2018 Law360 17-143
As companies mull how to respond to the sweeping 2017 U.S. tax reform law, responses by foreign governments will be crucial in determining future international structures, according to tax experts.
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Given the rocky international climate, U.S. companies may find that bringing intangible assets home provides more stability.
“You're less exposed to the focused attention of European and other developed country tax authorities,” Clark Armitage of Caplin & Drysdale in Washington, D.C., told Law360.
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Armitage said that foreign countries may look to the GILTI provision as a model for their own base erosion measures.
“I think this GILTI tax is one that is going to be embraced by other countries,” Armitage told Law360. “It really is an effective base erosion measure.”
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Excerpt taken from the article “Cos. Should Consider Foreign Response To US Tax Reform, 2018 Law360 17-143” by Alex M. Parker for Law360.