{"id":15199,"date":"2024-07-12T18:00:14","date_gmt":"2024-07-12T15:00:14","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=15199"},"modified":"2024-07-12T18:00:14","modified_gmt":"2024-07-12T15:00:14","slug":"gilti-fundamentals-and-calculations-bloomberg-tax","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=15199","title":{"rendered":"GILTI Fundamentals and Calculations – Bloomberg Tax"},"content":{"rendered":"

There is increasing attention on the U.S.\u2019s Global Intangible Low-Taxed Income (GILTI)<\/strong> tax and its interaction with new minimum tax rates taking effect around the world under the international Pillar Two initiative. GILTI is currently being reviewed in detail by tax authorities who are looking at how the U.S. might align it with the international Pillar Two initiative.
\nThis attention highlights the importance of understanding GILTI calculations, which apply to U.S.-based companies with foreign corporations. While the Pillar Two minimum income taxes are targeted at reaching a minimum 15% net income effective rate, and apply country-by-country, the GILTI rules have a different effective rate, and the core calculations work differently.
\nThis OnPoint discusses:<\/p>\n