The U.S. IRS has announced the issuance of final regulations on deductions for FDII and GILTI. The regulations are to be formally published in the Federal Register on 15 July 2020. --- IRS finalizes guidance on deduction for foreign-derived intangible income and global intangible low-taxed income IR-2020-147, July 9, 2020 WASHINGTON — The Internal Revenue Service issued final regulations that provide guidance on deductions for foreign-derived intangible income (FDII) and global intangible low-taxed income allowed to domestic corporations under the Internal Revenue Code. These final regulations provide guidance on both the computation of the deductions available and the determination of...