Corporate Tax Increases Focus on International Tax Revisions

OMA Connections Partner Crowe reports there has been significant Capitol Hill activity in recent weeks to address international taxes. The recent activity primarily focuses on increasing taxes on U.S. multi-nationals by implementing changes to the tax on global intangible low-taxed income (GILTI), the deduction for foreign-derived intangible income (FDII), and the base erosion anti-abuse tax (BEAT), all of which were enacted as part of the 2017 tax reform. Read more on these developments. 4/15/2021