GILTI Tax Increase Could Harm Investment, Report Says

GILTI Tax Increase Could Harm Investment, Report Says

National Association of Manufacturers

The Biden administration’s proposal to raise the global intangible low-taxed income rate and modify the basis for assessing the tax “may adversely impact the U.S. economy with reductions in U.S. jobs and investment,” according to a report prepared by EY for the National Association of Manufacturers.

The Biden administration’s proposal to raise the global intangible low-taxed income rate and modify the basis for assessing the tax “may adversely impact the U.S. economy with reductions in U.S. jobs and investment,” according to a report prepared by EY for the National Association of Manufacturers.

The Biden administration’s proposal to raise the global intangible low-taxed income rate and modify the basis for assessing the tax “may adversely impact the U.S. economy with reductions in U.S. jobs and investment,” according to a report prepared by EY and released August 12 by the National Association of Manufacturers.

The Biden administration’s proposal to raise the global intangible low-taxed income rate and modify the basis for assessing the tax “may adversely impact the U.S. economy with reductions in U.S. jobs and investment,” according to a report prepared by EY and released August 12 by the National Association of Manufacturers.