<p>States’ GILTI Conformity Too Slow-Going, Tax Foundation Says</p>

States’ GILTI Conformity Too Slow-Going, Tax Foundation Says

Tax Foundation

States are failing to consistently provide guidance for conforming to the Tax Cuts and Jobs Act, especially regarding the taxation of international income and the inclusion of global intangible low-taxed income into their tax codes, the Tax Foundation said in a December report.

<p>States are failing to consistently provide guidance for conforming to the Tax Cuts and Jobs Act, especially regarding the taxation of international income and the inclusion of global intangible low-taxed income into their tax codes, the Tax Foundation said in a December report.</p>