Taxing times for the US

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What is one of the main goals of US tax reform?

  2. Name one of the more controversial tax reform proposals that was under review?

  3. When is corporate income on foreign subsidiaries typically taxed?

  4. What amount of global corporate income tax is estimated to be lost through avoidance?

  5. What does BEPS stand for?

  6. What tax reform is expected to improve transparency?

  7. What should companies do given the proposals for global tax reform?

  8. What could tax managers take the opportunity to do in light of the tax reforms?

  9. According to Big Four research, what do they envisage corporate tax divisions using?

  10. What should companies be doing now before any reforms take effect?