22 July 2025 Tuesday, July 29 | The 'One Big Beautiful Bill Act': Key international tax provisions and business implications (12 pm ET) The budget reconciliation legislation known as "The One Big Beautiful Bill Act" (the Act), which was signed into law July 4, made various changes to the US international tax system, including to the global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII) regimes. The Act also made meaningful changes to the controlled foreign corporation (CFC) and foreign tax credit rules. The impact of these changes will depend on each taxpayer's profile and vary by industry and sector. Join us for a discussion of how the Act will impact multinational enterprises and how affected parties might react to those changes. We will also discuss the effects of the June G7 announcement to potentially accept the US proposal to recognize existing US minimum tax rules instead of expecting the US to adopt the OECD's Pillar Two proposals. Registration: Register for this event. Jose Murillo, EY Americas Director, International Tax and Transaction Services (ITTS), Ernst & Young LLP CPE credit offered: up to 1.2 depending on actual duration. Recommended field of study: Taxes. Learning objective: During this webcast, attendees will assess the impacts of the international tax elements of the final legislation and what actions businesses should consider going forward. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information. EY webcast managed and produced by Ernst & Young LLP's Tax Technical Knowledge Services Group, Washington, DC: Lynn Fairfax | lynn.fairfax@ey.com and Barbara Kirchheimer | barbara.kirchheimer@ey.com You can learn about and register for any EY Tax webcast here. Document ID: 2025-1552 |
