The Resource IRS regulations surprisingly permit certain partners to avoid GILTI

IRS regulations surprisingly permit certain partners to avoid GILTI

Label
IRS regulations surprisingly permit certain partners to avoid GILTI
Title
IRS regulations surprisingly permit certain partners to avoid GILTI
Creator
Subject
Language
eng
Summary
U.S. Treasury's final regulations under the global intangible low-taxed income (GILTI) regime of IRC Section 951A look through a U.S. partnership that owns shares in a controlled foreign corporation (CFC) to treat the partners as the owners of such shares for purposes of applying the GILTI attribution provisions. Proposed regulations under IRC Sections 951 and 958 would reach the same result for applying the other income attribution provisions of Subpart F. The authors explain why these regulations are a welcome surprise to some taxpayers and discuss some of the questions of scope and validity, and collateral consequences, raised by the new regulations
Citation source
In: Tax management transfer pricing report. - Arlington. - (30 July 2019) ; 12 p
http://library.link/vocab/creatorName
  • Feingold, F
  • Berg, M.E
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • GILTI
  • partnership
  • looking through
  • CFC
  • Subpart F income
  • PFIC
Label
IRS regulations surprisingly permit certain partners to avoid GILTI
Instantiates
Publication
Label
IRS regulations surprisingly permit certain partners to avoid GILTI
Publication

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