GILTI High-Tax Exclusion: When It Works and When It Doesn’t
The GILTI high-tax exclusion can eliminate GILTI inclusions for high-tax jurisdictions — but the election is all-or-nothing and the mechanics are complex. Here’s when it makes sense.
The GILTI high-tax exclusion can eliminate GILTI inclusions for high-tax jurisdictions — but the election is all-or-nothing and the mechanics are complex. Here’s when it makes sense.