Connecticut issued guidance on the treatment of global intangible low-taxed income (GILTI). The guidance applies to corporate business taxpayers for tax years beginning after 2017. How Does Federal Law Treat GILTI? The Tax Cuts and Jobs Act of 2017 (TCJA) (P.L. 115-97) added IRC Sec. 250 and IRC Sec. 951A to tax U.S. corporations on […]
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