The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By Siri Bulusu
Private equity funds are asking Treasury to help them avoid a tax hit on offshore income. Treasury is working on finalizing rules that would allow companies already paying at least 18.9% in taxes offshore to opt out of taxes on two types of offshore income—global intangible low-taxed income (GILTI) and Subpart F income.
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