Sheppard Guilty on GILTI - McDermott Will & Emery

Sheppard Guilty on GILTI

Overview


Stephen Kranz, Diann Smith and Alysse McLoughlin authored this bylined article stating that global intangible low-taxed income (GILTI) should not be taxed for pragmatic and constitutional reasons. “The states that have addressed [the taxation of GILTI] generally seem to agree that this income should not be subject to their corporate income tax, and we suggest that other states follow suit.”