On 5 March 2019, the U.S. IRS announced the issuance of proposed regulations on the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI). The regulations are to be published in the Federal Register on 6 March.
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IR-2019-27, March 5, 2019
WASHINGTON — The Internal Revenue Service issued proposed regulations under section 250 of the Internal Revenue Code, which offers domestic corporations deductions for foreign-derived intangible income (…