Concept
Global Intangible Low-Taxed Income 0
Global Intangible Low-Taxed Income (GILTI) is a U.S. tax provision aimed at discouraging multinational corporations from shifting profits to low-tax jurisdictions. It requires U.S. shareholders of controlled foreign corporations to include in their taxable income certain high returns on foreign investments that exceed a specified threshold, effectively imposing a minimum tax rate on overseas earnings.
Relevant Degrees