Pages tagged "gilti"

Transition and GILTI Tax Regimes and U.S. citizen overseas

The U.S. Congress needs more education on how U.S. citizens overseas have organized their businesses and what businesses they are running. Legislation like TCJA which was targeted towards big multinationals that were “offshoring” profits should not be applied to U.S. citizens running small businesses and consultancies overseas. These provisions can...

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