Congressional Research Service Issues In Focus White Paper on Proposed Changes in Taxation of Global Intangible Low-Taxed Income
November 27, 2024
November 27, 2024
WASHINGTON, Nov. 27 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF11943) on Nov. 25, 2024, by economic policy senior specialist Jane G. Gravelle.
Here are excerpts:
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GILTI: Proposed Changes in the Taxation of Global Intangible Low-Taxed Income
The treatment of income earned abroad in U.S.-controlled foreign corporations (CFCs) has been extensively debated over the years. In the 2017 Tax Cut . . .
Here are excerpts:
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GILTI: Proposed Changes in the Taxation of Global Intangible Low-Taxed Income
The treatment of income earned abroad in U.S.-controlled foreign corporations (CFCs) has been extensively debated over the years. In the 2017 Tax Cut . . .