On 13 December 2018, the U.S. IRS issued the proposed regulations for the Base Erosion and Anti-Abuse Tax (BEAT) as introduced by the Tax Cuts and Jobs Act. Until the regulations are finalized, taxpayers may rely on the proposed regulations for taxable years beginning after 31 December 2017, provided the taxpayer and all related parties of the taxpayer consistently apply the proposed regulations for all those taxable years that end before the finalization date. --- WASHINGTON — The Internal Revenue Service issued proposed regulations today on the section 59A base erosion and anti-abuse tax. The Tax Cuts and Jobs Act...