This webinar will provide an introduction to the methods used by the United States to tax foreign-sourced business income. The United States institutes a multitude of anti-deferral mechanisms targeting income earned by separately taxable foreign entities owned by U.S. stakeholders.
This program will focus on the anti-deferral provisions relevant for stakeholders of foreign corporations – with particular emphasis on how GILTI alters deferral opportunities available previously. Options for GILTI mitigation will also be covered – both methods for reduction of GILTI’s tax effect and alternate options for generating foreign-sourced income.
Patrick is a partner with Culhane Meadows, a national law firm with a prominent practice in the international area. Patrick practices exclusively in the area of international taxation. He has extensive experience in handling complex tax planning, structuring, and compliance issues for foreign businesses with United States operations, United States businesses with foreign operations, and individual taxpayers with international ties. Patrick regularly works with advisors both in the United States and abroad to assist with international tax issues faced by their clients.
Patrick is a prolific contributor to a multitude of international tax journals, including Tax Notes and the Journal Of International Taxation. He is an active speaker and panelist for national seminars and webinars, including regularly scheduled presentations with CPA Academy on assorted international tax topics. Patrick holds a Juris Doctorate from Vanderbilt University Law School and a LL.M. from New York University School of Law. His bar admissions include Pennsylvania, Florida, New Jersey and Georgia.
Each year from 2016-2019, Patrick has been recognized by Super Lawyers as a Rising Star. Finance Monthly, a United Kingdom-based publication, named Patrick Estate Planning Lawyer of the Year (United States) for both 2017 and 2018. Patrick and his wife reside in Phoenixville, PA.