Considerations When Investing in Foreign Businesses: Breaking Down GILTI
One concept introduced in 2017 by the Tax Cuts and Jobs Act (TCJA) was Global Intangible Low-Taxed Income (GILTI). One priority of TCJA was to ensure that U.S. taxpayers were not mitigating their U.S. tax liability by migrating assets to low- or no-tax jurisdictions. As a result, anti-deferral [...]