Page 383 - Large Business IRS Training Guides
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Tax

                                                                   Reform 2







                                 Cuts & Jobs Act (TCJA)…
           •	  The Tax

                                  a policy perspective GILTI and FDII both:
                  •	  From

                         •  Estimate returns deemed to be higher than normal,


                                                                  reference to qualified business asset
                                •  Determined by
                                    investment (QBAI)


                                •  Deemed to be earned because of “intangibles”



                  •	  Where GILTI measures certain earnings of foreign

                       corporations and FDII measures
                                                                                      certain earnings of

                       domestic corporations

                                     – different – complementary
                  •	  Similar










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