This week in tax: Tax changes in US $3.5 trillion policy package await Congressional vote

Danish Mehboob

August 20, 2021

Headline tax and GILTI changes in budget balance for US $3.5 trillion policy package await Congressional vote

Top House Democrats are moving forward to vote on a budget blueprint for a $3.5 trillion package that would make important tax changes, including an increase in the global intangible low-taxed income (GILTI) rate to match the OECD’s pillar two proposal.

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