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July 30, 2020

Plan to attend Monday's webcast on the GILTI high-tax exclusion and subpart F income high-tax exception

On 23 July 2020, final and proposed Treasury regulations were released under Sections 951A and 954 providing a final global intangible low-taxed income (GILTI) high-tax exclusion and proposing changes to the existing subpart F income high-tax exception, respectively. Please join a panel of Ernst & Young LLP thought leaders on Monday August 3 from 12-1:30 p.m. ET to discuss relevant aspects of the regulations, including:

  • Scope and application of the GILTI high-tax exclusion
  • Determination of the effective foreign tax rate on an item of income
  • Provisions for applying the final and proposed rules to prior tax years