2. Int'l Tax Update Significant Developments in the Global Tax System - Andrew Seidler
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UK Plann<strong>in</strong>g Considerations: GILTI Income Sources<br />
What is <strong>the</strong> impact on R&D and Patent<br />
box type arrangements which trigger<br />
foreign tax breaks?<br />
Product and<br />
Brand<br />
US<br />
Not compliant with <strong>the</strong> Nexus<br />
requirement <strong>in</strong> BEPS – some countries<br />
may impose withhold<strong>in</strong>gs on royalties.<br />
IP Co<br />
Ireland<br />
R&D<br />
<strong>in</strong>tangibles<br />
from buy <strong>in</strong><br />
Although <strong>the</strong> GILTI tax rate is 10.5%<br />
and so comparable to <strong>the</strong> rates under<br />
some preferred IP regimes,<br />
• The tax base is foreign <strong>in</strong>come over<br />
an IRS accepted base level, and so<br />
• The foreign <strong>in</strong>come may not be<br />
repatriated to US to claim foreign<br />
tax credit.<br />
F<strong>in</strong> Co<br />
UK<br />
Customer<br />
related<br />
<strong>in</strong>tangibles<br />
EU EUEU
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