Base Erosion and Anti-Abuse Tax (“BEAT”)

Under the Tax Cuts and Jobs Act of 2017 Congress created a mechanism to deter U.S. corporations from eroding the U.S. tax base by paying tax-deductible expenses to foreign affiliates then distributing profits tax-free. The deterrent is essentially a new form of an alternative minimum tax that applies to large multinational corporations and was quickly given the acronym "BEAT." We can assist with analyzing your BEAT obligations and ways in which to minimize the impact of BEAT on your business. Please see "Base Erosion and Anti-Abuse Tax (“BEAT”)" article for more information.