Finanse publiczne · 03/11/2020

IRS Publishes Corrections to Final Regulations on Foreign-Derived Intangible Income and Global Intangible Low-Taxed Income

The IRS has released corrections to the final regulations on foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI), which were published in the Federal Register on July 15, 2020, to provide guidance on the deduction for these income types and their coordination with other provisions in the Internal Revenue Code.