The U.S. Joint Committee on Taxation has published an Overview Of The Federal Tax System As In Effect For 2018. The document includes a high-level summary of the present-law federal tax system for: Individual income tax; Corporate income tax; Estate, gift, and generation-skipping transfer taxes; Social insurance taxes; and Major excise taxes. With respect to corporate income tax, the summary covers taxable income, including new rules on global intangible low-taxed income (GILTI); tax liability, including the new lower rates on foreign-derived intangible income (FDII) and base erosion minimum tax; affiliated groups;  treatment of corporate distributions; and accumulated earnings and personal holding...