Tax Reform 2.0 Not Expected to Address International Provisions
According to Republican Congressman Carlos Curbelo, tax reform 2.0 will not address international tax provisions, such as BEAT or GILTI. Instead, the next round of tax legislation is projected to focus on making the individual provisions permanent. The excluded provisions are expected to be addressed in a future, separate technical corrections bill. Curbelo also noted that the draft tax reform 2.0 legislation will likely be released after Congress returns from its August recess.
Read more here: New Tax Overhaul Won’t Address GILTI, Congressman Says