The International Monetary Fund recently announced that, based on the impact of the Coronavirus Pandemic, that in 2020, the global economy is projected to contract sharply by -3%. While this is not unexpected, it is jarring, and on the mind of all businesses. Additionally, alongside the concern for the health and wellbeing of families and teams, business owners and executives are now tasked with acting quickly to work towards the best possible outcome for their businesses.
Join us for a timely and informative webinar where members of CohnReznick’s International Tax Team will discuss various modifications to terms of indebtedness of controlled foreign corporations and the impact to US shareholders of such modifications
Other topics to be covered include:
- Payments on cross-border indebtedness in the context of distressed debt.
- New loss carrybacks rules and their interplay with the Section 965 transition tax, and Global Intangible Low-Taxed Income (GILTI).
- Tax planning considerations for insolvent foreign subsidiaries.
- General transfer pricing considerations in this uncertain economic environment.
Please note the webinar will be played through your web browser. Speakers or a headset is required.