Eversheds Sutherland Tax Reform Law Blog
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Proposed GILTI Tax Regulations are Currently Under Review by the OMB

According to the Office of Budget and Management (OMB) website, the proposed regulations on section 951A were received on August 22, 2018 and are currently under review.  Section 951A, a provision added by the Tax Cuts and Jobs Act, addresses the inclusion of global intangible low-taxed income by United States shareholders. Notice on OMB Website: Pending EO 12866 Regulatory...