Global Intangible Low Tax Income (GILTI)
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Global Intangible Low-Taxed Income (GILTI)
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To help finance his infrastructure plan, President Biden has proposed doubling the tax rate on GILTI, a flawed and poorly designed tax policy originally passed by Republicans in 2017, which would make it more difficult for U.S. businesses to compete abroad and harm American jobs here at home. Learn more: https://taxfoundation.org/tax-basics/gilti-foreign-tax-local-impact/ | Tax Foundation
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