PODCAST

Biden's Foreign Minimum Tax Proposal: Not GILTI?

KPMG Catching Up on Capitol Hill Podcast Episode 15-2020 | Compares two approaches to taxing foreign income: Biden's "foreign minimum tax" proposal and the current GILTI regime.

John P. Gimigliano

John P. Gimigliano

Principal in Change, Federal Regulatory & Legislative Services, Washington National Tax, KPMG US

+1 202-533-4022

Jennifer Acuna

Jennifer Acuna

Principal, Federal Legislative & Regulatory Services, KPMG US

+1 202-533-3800

Danielle E. Rolfes

Danielle E. Rolfes

Partner, Co-lead International Tax, Washington National Tax, KPMG US

Podcast overview

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.

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