August 2018 Update


There has been a veritable alphabet soup borne out of BEPS and U.S. tax reform – from MLI to BEAT to GILTI... And nowhere is the impact of these changes, including recently released regulations, being felt greater than on multinational organizations. How is Bloomberg Tax helping our subscribers navigate the increasingly complex international tax landscape? Let me count the ways…

1. We’ve recently introduced a number of MLI enhancements available to our International Tax subscribers, including:

  • NEW MLI Watch landing page that provides access to all of our MLI coverage in one place
  • A Multilateral Instrument Tool detailing jurisdictions’ status and MLI Positions
  • Alerts and editorial guidance within affected treaties, allowing users to understand the MLI’s implications on individual agreements
  • English-language versions of each signatory country’s reservations and notifications

2. BEAT Calculator to calculate the base erosion minimum tax amount (BEMTA). This new tool saves time by enabling you to easily compute the BEMTA by entering the components of the calculation into an easy-to-follow interface.

3. New Jumpstart podcasts on Section 965 and GILTI, with a BEAT episode coming soon.

    We are excited to be showcasing these enhancements at the 72nd International Fiscal Association Congress in Seoul, where thousands of tax practitioners from around the globe will be convening to discuss the digital economy, the impact of tax reform on non-U.S. companies, and more. Be on the lookout for daily news coverage from this conference in Daily Tax Report: International.