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U.S. IRS and Treasury Issues Final and Proposed Regulation on GILTI

17 June 2019

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Approved Changes

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United States

On 14 June 2019, the U.S. IRS announced the issuance of the following final and proposed regulations, which are scheduled to be published in the Federal Register on 21 June 2019: Guidance Related to Section 951A (Global Intangible Low-Taxed Income) and Certain Guidance Related to Foreign Tax Credits Guidance under Section 958 (Rules for Determining Stock Ownership) and Section 951A (Global Intangible Low-Taxed Income) --- IRS and Treasury issue guidance related to global intangible low-taxed income (GILTI) IR-2019-114, June 14, 2019 WASHINGTON — The Treasury Department and the Internal Revenue Service issued final and proposed regulations today concerning global intangible...