Skip to Content
Image of woman standing in a city center
Article

Alert: IRS guidance clarifies GILTI calculation

October 1, 2018 / 5 min read

IRS releases guidance on calculating global intangible low-taxed income (GILTI).

The IRS has released proposed regulations to help affected taxpayers calculate the amount of global intangible low-taxed income (GILTI) generated by controlled foreign corporations (CFCs). The guidance is intended to help affected taxpayers:

These proposed regulations help U.S. taxpayers who own CFCs calculate a GILTI inclusion amount based on the aggregate activities of all subsidiaries. This will add some new complexity to tax returns for 2018 and beyond.

read the full alert

Related Thinking