It’s widely reported that Biden would “raise the GILTI rate” on foreign income. But is that really his plan, or is he looking at something closer to President Obama’s minimum tax proposal? Catching Up on Capitol Hill special guest Danielle Rolfes, who helped write the Obama tax plan while at Treasury, joins Jen Acuna, the principal drafter of GILTI, and John Gimigliano to compare the two approaches to taxing foreign income.
Joe Biden's Tax Policy Proposals: Frequently Asked Questions
August 4, 2020 | KPMG Report (updated September 14, 2020)