In connection with any transition to a new international tax system, we need an approach that effectively deals with the trillions of dollars of previously untaxed foreign income held by CFCs. There is logic and fairness in applying a rate on those earnings that is less than the 35 percent home country rate because the rules of the game are being changed significantly. read the full analysis of 35 year international tax veteran Jeffery Kadet at International Financial Law Prof Blog
#jefferykadet #CFC #BEPS #OECD
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