What are the U.S. Treasury’s Final Regulations on GILTI?
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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 39 weeks ago