The Tax Cuts and Jobs Act (TCJA) of 2017 provided for a 37.5 percent tax deduction under IRC §250 on Foreign-Derived Intangible Income (FDII). The introduction of tax on Global Intangible Low-Taxed Income (GILTI), FDII and GILTI deductions are attempts by the U.S. Congress to encourage U.S. multinational corporations to increase their investments in the … Continue reading Are you taking advantage of FDII deduction?
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