The Resource GILTI rules particularly onerous for non-C corporation CFC shareholders

GILTI rules particularly onerous for non-C corporation CFC shareholders

Label
GILTI rules particularly onerous for non-C corporation CFC shareholders
Title
GILTI rules particularly onerous for non-C corporation CFC shareholders
Creator
Subject
Language
eng
Summary
The recently enacted tax reform legislation significantly expanded the application of Subpart F, including by adding a new inclusion rule for CFC income, termed "global intangible low-taxed income" (GILTI). The GILTI rules apply higher tax rates to GILTI attributed to individuals and trusts who own CFC stock (either directly or through LLCs or S corporations) than to C corporation shareholders. This article describes the difference and suggests steps individuals and trusts may take to defer or reduce the effect of the GILTI rules on individuals and trusts
Citation source
In: International tax journal. - Riverwoods. - Vol. 44 (2018), no. 1 (January-February) ; p. 11-14, 42
http://library.link/vocab/creatorName
  • McGill, S.P
  • Karch, G.C
  • Feeley, K.J
  • O'Banion, S.E
  • Crouse, J.G
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • tax reform
  • Subpart F income
  • CFC
  • pass-through entity
  • individual income tax
  • trust
  • GILTI
Label
GILTI rules particularly onerous for non-C corporation CFC shareholders
Instantiates
Publication
Label
GILTI rules particularly onerous for non-C corporation CFC shareholders
Publication

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      52.3736660 4.9336932
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