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  • KITA Holds Seminar on

    KITA Holds Seminar on "Seminar on the Trends in US Tax Reform and Response Plans of Korean Company"


    - KITA and YulChon Jointly Hold Seminar on 22nd (Thursday), in-depth analysis on Impact of US Tax Reform - 


    The Korea International Trade Association (Chairman, Kim Young-joo) will hold a seminar on "Seminar on the Trends in US Tax Reform and Response Plans of Korean Company" at the Trade Tower in Samseong-dong, Seoul on Thursday, July 22, in cooperation with Yulchon LLC. 


    US tax reform lowers the corporation tax up to 21 percent at a single tax rate and imposes income tax on overseas revenue based on territorial system. Also, a deduction clause has been newly established in order to increase investment in the United States. On the other hand, it is required for multinational corporations in the US to be more cautious about the limitation of deduction for overseas expenditure and the taxation on additional income of overseas subsidiaries. 


    In this seminar, the Korea International Trade Association will analyze the economic impact of US tax reforms, while Yulchon and Baker McKenzie will introduce the revised US tax laws and the global companies’ response plans and implications. For this event, the Korea International Trade Association and Yulchon have invited the tax experts at Baker McKenzie, the world's largest law firm, and individual consultation meetings will be carried out after the seminar. 


    An official at the Korea International Trade Association said that this seminar will provide useful information for the Korean companies who are willing to invest in the United States by stating, Last year’s massive reform of the tax system in 31 years has been causing a great deal of repercussions in the United States as well as all around the world in just a month since its implementation.” 

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