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30 Jun 2022, 3:50 am by Kyle Hulehan
The combined tax (foreign taxes plus U.S. taxes) on the U.S. share of foreign profits was recently estimated by Tax Foundation economist Cody Kalen to be 19.3 percent.[5] By design, GILTI has changed the incentives for investing in foreign low-tax jurisdictions because the floor for foreign tax rates is no longer zero. [read post]