Navigating Changes in International Tax Policy

This chapter examines the recent adjustments in U.S. international tax policy following the OBBBA, particularly focusing on modifications to the CFC look-through rule and FTC haircut. The discussion highlights the implications of these regulatory changes, the balance between tax cuts and increases, and how they align U.S. tax laws with international frameworks. Additionally, the chapter delves into issues surrounding digital services taxes and the complexities facing U.S. corporations in a rapidly evolving global tax landscape.