In a decision that could benefit U.S. citizens living abroad, a recent U.S. court ruling has further opened the door for using treaty-based foreign tax credits (FTCs) to reduce Net Investment Income Tax (NIIT) liability. While the outcome is promising, the issue remains unsettled, and taxpayers should proceed cautiously.

UPDATE: On 9 April 2025, President Trump announced that, effective immediately, the tariffs on China are increased to 145% (which includes an existing 20% “fentanyl" tariff). He also announced a 90-day “pause” on higher tariffs for 75 countries that have not retaliated (although the precise countries are not identified), during which time only a 10% tariff will apply.

Companies across all industries continue to face a growing landscape of cyber risks, including vulnerabilities from third-party providers and technology integrations. What separates companies who successfully recover after incidents from those who suffer significant consequences?

Since the Tax Cuts and Jobs Act was enacted in 2017, the use of foreign disregarded entities (FDEs), often achieved via the check-the-box election, has increased. FDEs are often used to reduce U.S. federal income tax, commonly with respect to global intangible low-taxed income (GILTI) inclusions.

Tax Strategist Insight Is your business looking to preserve cash flow? Strategic fixed asset planning can unlock valuable tax benefits, providing companies with immediate cash that can be reinvested in the business or used to help improve financial performance.

As a business owner, you must juggle operations, manage people, plan for growth, and closely monitor your financials. But in today’s environment, basic bookkeeping isn’t enough. More than ever, businesses need financial leadership—someone who can interpret the numbers, identify risks, and guide decision-making.