U.S. Income Tax Implications for Manufacturers Doing Business Internationally

Date: Wednesday, May 3, 2023
Time: 11:00am-12:30pm Eastern time
Cost: $25
Location: Webinar

Join the U.S. Commercial Service, CT District Export Council, and Marcum LLP for an overview of this important topic.  

Register Here.

About This Webinar

Has your company been impacted by the tax law changes, specifically IRS Code Section 174 regarding disallowed research and development deductions? Are you doing business on a global basis and uncertain if you are in compliance with all the IRS rules and regulations? Join the U.S. Commercial Service, CT District Export Council, and Marcum LLP to hear about certain U.S. income tax implications facing U.S. manufacturers doing business abroad. Topics will include the foreign-derived intangible income deduction and global intangible low-taxed income (GILTI) provisions, allocation and sourcing of income and deductions for global business activities, and a general legislative tax update effecting manufacturers. This includes IRS Code Section 174 and the deferral of deductibility of certain research and development costs.

Content will be relevant for the following groups:

• Manufacturers and distributors engaging in cross border transactions;
• Manufacturers and distributors with foreign subsidiaries;
• Manufacturers currently incurring or planning to incur research and development expenditures domestically or abroad; and
• 2024 Greenbook proposal and the tax implications to manufacturers and distributors

For more information, please contact:
Melissa Grosso
Director, U.S. Commercial Service, Connecticut Office
[email protected] or 860-638-6955