Legislative Changes to the International TCJA Provisions to Be Considered
In a recent interview, Kevin Brady, chairman of the House Ways and Means Committee, stated that legislative changes to the international provisions of the TJCA are in the works and that these changes may be included in the legislation associated with phase 2 of tax reform, which Brady indicated would be reviewed by House Republicans in July. President Trump has also weighed in on the phase 2 legislation, suggesting that the legislation will be considered by Congress in October or sooner.
Read more: BEAT, GILTI Provisions May Change in Upcoming Legislation, Brady Says