The U.S. IRS has announced the issuance of final regulations on deductions for FDII and GILTI. The regulations are to be formally published in the Federal Register on 15 July 2020.
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IRS finalizes guidance on deduction for foreign-derived intangible income and global intangible low-taxed income
IR-2020-147, July 9, 2020
WASHINGTON — The Internal Revenue Service issued final regulations that provide guidance on deductions for foreign-derived intangible income (FDII) and global intangib…