New regulatory changes and growing financial pressures are pushing many technology companies to take a closer look at tax planning. Often, companies are finding that they want to adapt their tax plan from past years, and there are some complex factors to consider.
Listen to Grant Thornton International Tax Services Partner Christopher H. Summer talk with our tax specialists about how and why tech firms should re-examine their tax plans.
163(j) deduction for interest expense
When the Tax Cuts and Jobs Act amended 163(j) to limit the deduction for interest expense, tech companies took notice — but many hoped that future legislation would revise the change.
That limitation is still in effect, however. “So, as we look to the next tax year, increasing interest rates and maturing debt loads threaten to exacerbate the problem caused by this limitation,” said Grant Thornton Corporate Tax Solutions Senior Manager Trevor Salzmann.
Hear Salzman and Summer talk about what Tech companies should do to refine their tax planning for the year ahead.
8:07 | Transcript
Pillar 2 minimum tax
The Organisation for Economic Co-Operation and Development (OECD) has developed and released the Pillar 2 model rules that include a global minimum tax, with collaboration from 137 member jurisdictions worldwide. “It’s designed to ensure that all companies, no matter where they earn their profits, are subject to a minimum effective tax rate of at least 15%,” said Grant Thornton Washington National Tax Office Partner Cory Perry.
Many technology companies interact with markets around the world, so it’s important for them to understand and prepare for the Pillar 2 requirements that take effect as early as this year in some participating jurisdictions.
Hear Perry and Summer talk about what Tech companies should do to prepare for Pillar 2.
9:30 | Transcript
In the next few weeks, we’ll update this page with podcasts about:
- Section 174
- Transfer pricing
- SALT issues
Listen in, and get ready to optimize tax planning for your tech firm.
Our technology and telecommunications featured industry insights
No Results Found. Please search again using different keywords and/or filters.