Session ID: 11166

Abstract: GILTI, FDII, BEAT*: these acronyms didn't mean anything 12 month ago, but are now the main focus of most tax departments. While the US tax reform was enacted in 2017, the detailed guidance was only provided recently and most tax departments are still scrambling with Excel files trying to estimate the tax impact of these new rules. This session will cover the conceptual calculations of these new taxes and will demonstrate how they can be built in Oracle's Tax Reporting products. GILTI: Global Intangible Low-Taxed Income FDII: Foreign-Derived Intangible Income BEAT: Base Erosion Anti-abuse Tax

Objective 1: Learn about the implication of the tax reform for corporations, beyond the rate change

Objective 2: Introduce Tax Reporting Cloud and Hyperion Tax Provision products

Objective 3: Describe how the calculations of the new tax rules can be implemented

Audience: User Accounts, Help Desk, Trainer