Individuals Score Big Win With GILTI Deduction Eligibility

Overview


Steven Hadjilogiou commented on the IRS and Treasury Department’s decision that individual shareholders of controlled foreign corporations are eligible for a 50 percent deduction on global intangible low-taxed income. “This is a big deal for closely held foreign corporations [and] for private equity,” Hadjilogiou said. “It literally cuts the rate from 37 [percent] to 10.5 [percent].”