GILTI or not GILTI?

Additional regulations for Global Intangible Low-Taxed Income (“GILTI”) were released on June 14, 2019.  Taxpayers were relieved to find two favorable adjustments: Proposed GILTI high-tax exclusion Final guidance on how to calculate GILTI for partnerships High-Tax Exclusion GILTI was put into place to tax the intangible earnings of companies and

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Foreign Tax Credits Clarified in Proposed Regulations

In December of 2017, the Tax Cuts and Jobs Act (“TCJA”) brought sweeping tax reform to the U.S. The U.S. moved from a worldwide tax system to a partial territorial tax system. The TCJA significantly changed the way the U.S. taxes foreign activities for businesses and individuals.  New provisions, including

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The Upside to Enterprise Risk Management

Large manufacturing and distribution companies have been using enterprise risk management for many years. Only recently, however, have smaller manufacturers and distributors begun considering ERM to reap its many rewards. ERM involves identifying, assessing, quantifying and addressing all types of risks across the company – operational, human, financial, market and

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