Has your company been impacted by the tax law changes, specifically IRS Code Section 174 regarding disallowed research and development deductions? Are you doing business on a global basis and uncertain if you are in compliance with all the IRS rules and regulations?
Come join the U.S. Commercial Service, CT District Export Council, and Marcum LLP to hear about certain U.S. income tax implications facing U.S. manufacturers doing business abroad.
Topics will include the foreign-derived intangible income deduction and global intangible low-taxed income (GILTI) provisions, allocation and sourcing of income and deductions for global business activities, and a general legislative tax update effecting manufacturers. This includes IRS Code Section 174 and the deferral of deductibility of certain research and development costs.
Who Should Attend
- Manufacturers and distributors engaging in cross border transactions;
- Manufacturers and distributors with foreign subsidiaries;
- Manufacturers currently incurring or planning to incur research and development expenditures domestically or abroad; and
- 2024 Greenbook proposal and the tax implications to manufacturers and distributors.