IRS issues final rules on FDII and GILTI deductions

The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations.

Original Article Posted at : https://www.accountingtoday.com/news/irs-issues-final-rules-on-fdii-and-gilti-deductions