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Income taxes
6 Months Ended
Jun. 30, 2018
Income Tax Disclosure [Abstract]  
Income taxes
Income taxes
We are domiciled in The Netherlands and are taxed in The Netherlands with our other Dutch subsidiaries. Dutch companies are subject to Dutch corporate income tax at a general tax rate of 25%.
For the three months ended June 30, 2018, our income tax benefit was $3.4 million, compared to a $6.3 million tax provision for the three months ended June 30, 2017. The decreased income tax provision of $9.7 million was driven primarily by the increased discrete tax benefit associated with foreign exchange rate fluctuations.
For the six months ended June 30, 2018, our income tax provision was $6.2 million, compared to a $19.9 million tax provision for the six months ended June 30, 2017. The decreased income tax provision of $13.7 million was driven primarily by the increased discrete tax benefit associated with foreign exchange rate fluctuations.
On December 22, 2017, the U.S. government enacted comprehensive tax legislation, commonly referred to as U.S. Tax Reform.  As noted in our Annual Report on Form 10-K for the year ended December 31, 2017, the Company completed its deferred tax accounting related to the reduction to the U.S. corporate income tax rate from 35% to 21%.  We are not aware of any significant changes to this legislation for the six months ended June 30, 2018. Since we are a company incorporated in the Netherlands and do not have any controlled foreign corporations under U.S. tax law, we concluded that the new legislation related to global intangible low-taxed income (“GILTI”) and base erosion anti-abuse tax (“BEAT”) does not apply and therefore no policy decision is required.