<p>IRS Issues Practice Unit on Global Intangible Low-Taxed Income</p>

IRS Issues Practice Unit on Global Intangible Low-Taxed Income

Internal Revenue Service

The IRS has released a practice unit on various concepts of global intangible low-taxed income under section 951A, addressing who is subject to GILTI, how to compute it, when it must be included in gross income, how it is taxed, and applicable antiabuse rules.

<p>The IRS has released a practice unit on various concepts of global intangible low-taxed income under section 951A, addressing who is subject to GILTI, how to compute it, when it must be included in gross income, how it is taxed, and applicable antiabuse rules.</p>