Private Equity Seeks Treasury Help to Avoid Offshore Tax Hit

Logo: Bloomberg Law

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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By Siri Bulusu, posted on Monday November 16, 2020

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