Finanse publiczne · 28/10/2020

Treasury Issues Corrections to FDII and GILTI Regulations

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