10.29.2018 - By PwC
Doug McHoney (PwC's US International Tax Services Leader) dives into the complicated world of partnerships. In this episode, Doug and Karen Lohnes (PwC M and A Partner) discuss unwinding partnerships, basis adjustments, and subchapter K in the context of US tax reform. Specifically, they consider how partnerships are potentially affected by global intangible low-taxed Income (GILTI), base erosion and anti-abuse (BEAT), and the interest expense limitation under Section 163(J).