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U.S. IRS Issues Corrections to Proposed FDII/GILTI Deduction Regs

|Approved Changes|United States
United States

On 11 April 2019, a correction document to the proposed regulations on the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) (REG-104464-18). This includes the addition of a definition for financial services income and a clarification in relation to the determination of gross deduction eligible income (DEI) and gross foreign-derived deduction…

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