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
Corporate Tax Increases Focus on International Tax Revisions
04/16/2021