International Tax Review is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

US Treasury officials call on Congress to increase GILTI to 21%

Danish Mehboob
September 10, 2021
Share
US Treasury backs Democratic Congressional tax writers in raising GILTI to 21%

Top US Treasury officials are calling for Congress to raise the minimum effective corporate tax rate to 21%. However, US businesses fear this policy change could put them at a disadvantage.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

NewsUnited StatesDirect Tax
mehboob-danish-300x300.png
Danish Mehboob
Senior Reporter ITR
Contact
Danish reports on all matters of direct tax and BEPS. He covers a range of tax issues in these areas and what multinationals are doing to manage the tax burdens. Danish also specialises in tax technology and data management.
more across site & bottom lb ros

More from across our site

sadiq-sonalkar-infosys-tax.jpg
Infosys acknowledges £20m tax dispute with HMRC
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Josh White, February 01, 2023
Marina Bay Sands and ArtScience Museum in Singapore after sunset
This month in indirect tax: GST reform in Malaysia; VAT updates in UK, Italy, Ukraine
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
James Nurton, February 01, 2023
National Assembly of South Korea
Korean companies stay cautious despite pillar two push
A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
Ralph Cunningham, January 30, 2023
EU - pillar two.jpg
Analysis: NGOs and businesses find common ground on BEFIT
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Josh White, January 27, 2023
Australia’s DPT has been dismissed by many groups as simply a threat used to ensure proper TP analysis
This week in tax: PwC partner banned in Australia over tax leaks
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.
Josh White, January 27, 2023
Taxpayers face yet more EU scrutiny
Business groups raise TP concerns over BEFIT
Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.
Josh White, January 26, 2023
fabrizia-lapecorella-oecd-tax.jpg
OECD appoints Fabrizia Lapecorella deputy secretary-general
The former tax official in Italy will take up her post in April.
Josh White, January 25, 2023
Sponsored
lava-656827.jpg
Seismic shifts – ITR’s Asia Guide 2023 launched
With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.
Tom Baker, January 23, 2023
Closeup of the Downing Street sign in Westminster, London, UK.
Opinion: UK politicians have lost their tax ambition
Lawmakers seem more reticent than ever to make ambitious tax proposals since the disastrous ‘mini-budget’ last September, but the country needs serious change.
Josh White, January 23, 2023
Tax panel, Davos, Jan 2023.PNG
Davos panel exposes disagreements on two-pillar tax reform
The panel, the only one dedicated to tax at the World Economic Forum, comprised government ministers and other officials.
Ralph Cunningham, January 23, 2023