Bigger India

US Tax Reforms May Impact Indian Business Groups

Notable negative changes are a limitation on the quantum of interest expense that can be allowed as a deduction and introduction of a new measure viz. Base Erosion Anti-abuse Tax (BEAT) to prevent US Tax Base Erosion, by levying additional US tax on some deductible payments made to related foreign parties.

On December 22, 2017, President Donald Trump signed a new law which legislates substantial changes in the US, to the taxation of businesses in all industries and more notably on multinational enterprises.

Read it at Economic Times

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