According to the course text, the United States has employed a worldwide system of taxation for the past 100 years. The Tax Cuts and Jobs Act (TCJA) upended this system. imagine you are an Intomational tax consultant advising a client on the impact of PL 115 97, the law known as the Tax Cuts and Jobs Act on the taxation of a controlled foreign corporation (CFC) Analyze two changes to CFCs and advise your client on the actions necessary to reduce current and future tax lobility as a result of these charges Create a scenario reflecting the taxation under the prior tax and current law to support your recommendations

According to the course text, the United States has employed a worldwide system of taxation for the past 100 years. The Tax Cuts and Jobs Act (TCJA) upended this system. imagine you are an Intomational tax consultant advising a client on the impact of PL 115 97, the law known as the Tax Cuts and Jobs Act on the taxation of a controlled foreign corporation (CFC) Analyze two changes to CFCs and advise your client on the actions necessary to reduce current and future tax lobility as a result of these charges Create a scenario reflecting the taxation under the prior tax and current law to support your recommendations