What are the U.S. Treasury’s Final Regulations on GILTI?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
![User Photo](/user_uploads/photos/crop_12262041.jpg)
John Richardson
The U.S. Treasury on final regulations allow taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their Global Intangible Low Taxed Income(GILTI) computation on an elective basis. Read this article: www.taxconnections.com/taxblog/treasury-final-regulations-confirm-that-foreign-income-subject-to-high-foreign-tax-be-excluded-from-definition-of-gilti/
Leave a Comment
193 weeks ago