Welcome to the GILTI Party: First Set of Proposed Regulations Released

    View Authors September 2018

    Treasury and the IRS released a “first set” of proposed regulations September 13, 2018 on issues related to new global intangible low-taxed income (GILTI), potentially important for all US shareholders of offshore companies – especially US-based multinational enterprises. This update provides an overview of GILTI, discusses key items contained in the proposed regulations, analyzes what this may mean for companies, and provides a tax policy roadmap for how we got here and where we are going.