2018 US Tax Reform - The Impact on Your Business in Japan [SPEAKER UPDATED]

Date: Thursday, February 8, 2018
Time: 12:00 - 14:00
Venue: Manhattan I Tokyo American Club
​Speaker:
Mitch Cohen, US Tax Partner, Ernst & Young LLP (New York)
Christine Jones, International Tax Senior Manager - US Tax Desk at EY [SPEAKER UPDATED] 
Hosting Committee: Taxation Committee 
Member Fee: ¥4,000
Guest Fee: ¥7,400
Meal: Luncheon
Sign-up: ACCJ Member Data Center
Registration/Cancellation Deadline: February 2, 2018 12:00 Noon

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On 22 December 2017, the President of the United States signed into law the “Tax Cuts and Jobs Act”.  This represents the most comprehensive overhaul of the US tax system in more than 30 years and is expected to impact all types of corporate taxpayers.  This seminar will provide an overview of the corporate tax changes and will focus on the implications to US multinationals with business operations in Japan.

Some of the notable corporate tax provisions include:

• A reduction in the corporate tax rate from 35% to 21%
• Introduction of a new foreign dividend exemption system
• A transition tax on unremitted foreign earnings
• A new provision targeting Global Intangible Low Taxed Income (“GILTI”)
• A new Base Erosion Anti-abuse Tax (“BEAT”)
• Interest expense deduction limitations; and
• Changes to the Net Operating Loss utilization rules

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Please join us for a discussion of how these changes are expected to impact the Japanese business operations of US multinationals.
Brian Douglas, Edwin T. Whatley, Marcus Wong, Co-Chairs
ACCJ Taxation Committee

NOTE 1: Although this presentation is ON THE RECORD, the Q&A session will be OFF THE RECORD.

NOTE 2: If you cancel after the stated deadline, the full meeting fee will be charged to your account. Sorry, no substitutions or walk-ins.

NOTE 3:  If you are driving to Tokyo American Club, please inform the ACCJ in advance as arrangements must be made and a 1,700 yen parking fee will apply.