GILTI (Global Intangible Low Taxed Income) Archives

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Global Intangible Low-Tax Income (GILTI) Explained

Andersen 01/07/2021

In our latest YouTube video, Andersen partners Warren Dueck and Steven Flynn explain GILTI, a U.S. tax on the earnings of non-US corporations owned by U.S. investors. Warren and Steven cover how GILTI impacts U.S. persons, including those resident in Canada, who own Canadian and ...

IRS Regulations Clarify 250A Deduction for Individual Owners of Non-U.S. Corporations Subject to GILTI

Andersen 03/05/2019

Last fall, we wrote about the U.S.’s Global Intangible Low Taxed Income (“GILTI”) and its’ adverse tax impact on U.S. persons that own non-U.S. corporations. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined U.S. ...

Global Intangible Low-Taxed Income (“GILTI”)

Andersen 10/09/2018

The December 2017 U.S. tax reform included a provision to subject to U.S. tax the earnings of intellectual property owned by U.S. investors outside the U.S. GILTI impacts U.S. persons resident in Canada who own Canadian and other non-U.S. corporations. Without effective tax planning, combined ...

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.