CFO Magazine published the article “The Impact of the House Tax Cut Bill on CFOs” by Matthew Morris on November 7. Here is an excerpt:
What do these proposed tax changes mean for CFOs? For CFOs of large multinational corporations with a C corporation parent in the United States, the changes mean that (a) more cash can be distributed in the form of dividends from overseas subsidiaries at a significantly lower corporate tax rate and (b) only the corporation’s U.S.-source income will be subject to income tax.
Read the full article on the CFO website.