To punish 100 #GILTI Corporations is to punish millions more individuals

Introduction: As Goes Tax Reform For US Multinationals, So Escalates The Harm To Individual Americans Abroad In the 18th century people were "guilty". In the 21st century people are #GILTI. […]

Proposal by @JoeBiden to increase the GILTI tax has particularly vicious implications for #Americansabroad

Well look here, Biden proposes to double the #GILTI tax with no apparent exemption for small business. This is a declaration of war on the tax base of other countries […]

Seriously now, who’s GILTI? Senators Wyden and Brown attempt to reinforce the punishment of GILTI Americans abroad

Introduction and July 2021 update … If @citizenshiptax continues in ANY form, #expats will always live in fear of unintended consequences like this: "@WydenPress @SenSherrodBrown attempt to reinforce the punishment […]

US Treasury proposes that foreign income subject to high foreign tax be excluded from definition of #GILTI

In general – Good News For American Entrepreneurs Abroad … On Friday June 14, 2019 US Treasury proposed in Notice 2019-12436 that any foreign income earned by Controlled Foreign Corporations […]

Part 31 – "Double Taxation Disguised as Tax Reform": Jackie Bugnion comments in @TaxNotes on @USTransitionTax and #GILTI

https://twitter.com/worldnewsreader/status/1132961693598986241 Even in “retirement” Jackie Bugnion writes the best arguments against citizenship taxation ever https://t.co/unONPqdv0S via @ExpatriationLaw — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) May 27, 2019 […]

US Treasury interprets Section 962 Election to mean that individual shareholders are entitled to 50% exclusion of #GILTI income when calculating income attributed

On March 4, 2019 as described by Helen Burggraf at American Expat Finance: My comment included: Also welcoming the news of the changes in the tax treatment of Americans’ overseas […]

Punishing you for your past – Presuming you #GILTI for your future

Introduction – Punishing You For Your Past and Destroying Your Future Punishing You For Your Past – Retroactive Taxation And The Sec. 965 Transition Tax The 2017 U.S. Tax Reform […]

Part 23 – It's time for #Americansabroad to support the fight against the @USTransitionTax and #GILTI

Part 1 – Understanding the “Transition Tax” issue and what it means for Americans Abroad As reported at Tax Connections: Understanding the @USTransitionTax issue, what it means for #Americansabroad and […]

Part 19 – Comments from those with @TaxResidency in other countries about the effects of @USTransitionTax & #GILTI

Designed for Google and Amazon and applied to individual Americans abroad … USA: Hands Off CCPCs! MT @ExpatriationLaw @ADCSovereignty 2 USA: PLS don’t harm CDNs w/retrospective tax on CCPCs https://t.co/s8vXQQxZL7 […]

Part 18 – CAMPAIGN TO TREASURY/IRS: EXEMPT AMERICAN SMALL BUSINESSES IN THE U.S. & WORLDWIDE FROM THE @USTransitionTax & GILTI TAXES

This is Part 18 of my series of posts discussing the Section 965 U.S. Transition Tax. This has been reposted with permission from Americansabroadfortaxfairness.org. Time out from our regular programming […]