Page 145 - International Taxation IRS Training Guides
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Glossary of Terms (Cont’d)
Acronym/Terms Definition
Intangible Low-Taxed Income
GILTI Global
Indefinite Reinvestment Assertion (formerly
IRA
called Permanently
Reinvested Income “PRI”
IFRS International
Financial Reporting Standards
Unusual or Questionable - initial risking of
Large,
LUQ
return
tax
MNE Multinational
Entity
Reinvested Income
Permanently (now Indefinite
PRI
Reinvestment Assertion ”IRA”)
Cuts and Jobs Act of 2017
TCJA Tax
USP United States
Parent
WW Worldwide
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