Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
U.S. tax concept
|
| gptkbp:appliesTo |
U.S. shareholders of controlled foreign corporations
corporate and individual U.S. shareholders |
| gptkbp:calculationMethod |
net CFC tested income minus net deemed tangible income return
|
| gptkbp:compatibleWith |
deferral
|
| gptkbp:eligibility |
gptkb:foreign_tax_credit
Section 250 deduction |
| gptkbp:excludes |
U.S. domestic corporations
income already taxed as Subpart F |
| gptkbp:fullName |
Global Intangible Low-Taxed Income Inclusion
|
| https://www.w3.org/2000/01/rdf-schema#label |
GILTI Inclusion
|
| gptkbp:introduced |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:purpose |
discourage profit shifting to low-tax jurisdictions
|
| gptkbp:relatedTo |
gptkb:BEAT
gptkb:FDII gptkb:Subpart_F_income |
| gptkbp:startDate |
2018
|
| gptkbp:subject |
gptkb:Section_951A_of_the_Internal_Revenue_Code
|
| gptkbp:taxedAt |
U.S. shareholder level
|
| gptkbp:taxStatus |
Form 8992
|
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
|
| gptkbp:bfsLayer |
7
|