American Citizens Abroad Calls for De Minimis Rule in GILTI Regs

Tax Notes International, July 10, 2020, published by Tax Analysts

American Citizens Abroad Calls for De Minimis Rule in GILTI Regs

'Amending transition tax and global intangible low-taxed income regulations, and Foreign Account Tax Compliance Act regs, to include a de minimis rule would reduce tax burdens of overseas small businesses classified as controlled foreign corporations, American Citizens Abroad said in a July 10 letter to Treasury and the IRS.'

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