On Tuesday, August 6, 2019, the Tax Committee held its quarterly Tax Club dinner at Tang Pavilion. Daniel Ng, Senior Manager at KPMG, presented on issues related to Controlled Foreign Corporations prior to and as a result of recent tax reform as well as Global Intangible Low Tax Income. The next Tax Club dinner will take place in the fall, and it is anticipated that the discussion will focus on estate planning and transfer tax issues.
The Tax Committee would like to thank everyone for coming out to this successful event. To learn more about the Tax Committee and how to contact the Co-Chairs, go to https://www.aabany.org/page/453.
On Tuesday, May 21, 2019, the Tax Committee held its quarterly Tax Club Dinner at Tang Pavilion. The diverse group of attendees discussed a wide variety of tax, business, and other non-tax considerations for qualified opportunity zones, a hot new tax incentive that promotes equity investments in certain designated low-income communities. Many qualified opportunity zones can be found in Asian communities, including Flushing, Sunset Park, and Chinatown in Philadelphia. It is anticipated that the next Tax Club dinner, during the summer, will discuss lending businesses and their tax implications for both U.S. and foreign investors.