U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI

Peer-Reviewed Study · Erica York · February 17, 2021

Tax Foundation, 2021: argues GILTI's foreign-asset break gives only limited tax benefits and does not necessarily pull investment overseas. A think-tank view.

So, a doubling of foreign assets to increase the QBAI deduction only results in very limited tax benefits under GILTI.

Official source

Tax Foundation, 2021: argues GILTI's foreign-asset break gives only limited tax benefits and does not necessarily pull investment overseas. A think-tank view.

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