The recent Tax Cuts and Jobs Act adopted a provision subjecting certain US shareholders of controlled foreign corporations (CFCs) to tax on their global intangible low-taxed income (GILTI). GILTI is effectively a new worldwide minimum tax on the earnings of a US shareholder’s CFCs.
This Bottom Line videocast discusses:
- What is See more +
The recent Tax Cuts and Jobs Act adopted a provision subjecting certain US shareholders of controlled foreign corporations (CFCs) to tax on their global intangible low-taxed income (GILTI). GILTI is effectively a new worldwide minimum tax on the earnings of a US shareholder’s CFCs.
This Bottom Line videocast discusses:
- What is GILTI?
- Deductions and credits taken into account in determining the US tax on GILTI
- How GILTI is calculated, including a simple example See less -
