Global Intangible Low-Taxed Income
GPTKB entity
Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_concept
|
| gptkbp:abbreviation |
gptkb:GILTI
|
| gptkbp:appliesTo |
U.S. shareholders of controlled foreign corporations
corporate U.S. shareholders individual U.S. shareholders (with different tax treatment) |
| gptkbp:calculationMethod |
net CFC tested income
|
| gptkbp:category |
anti-deferral tax regime
|
| gptkbp:codifiedIn |
Internal Revenue Code Section 951A
|
| gptkbp:excludes |
10% qualified business asset investment (QBAI)
|
| gptkbp:introduced |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:jurisdiction |
gptkb:United_States
|
| gptkbp:purpose |
discourage shifting profits to low-tax jurisdictions
|
| gptkbp:relatedTo |
gptkb:Subpart_F_income
Controlled Foreign Corporation |
| gptkbp:startDate |
2018
|
| gptkbp:subject |
gptkb:foreign_tax_credit
|
| gptkbp:taxedAt |
U.S. shareholder level
|
| gptkbp:taxStatus |
10.5% (effective, subject to change)
|
| gptkbp:bfsParent |
gptkb:US_Taxation_of_International_Income
|
| gptkbp:bfsLayer |
7
|
| https://www.w3.org/2000/01/rdf-schema#label |
Global Intangible Low-Taxed Income
|