Overview: The One Big Beautiful Bill Act (OBBB) renamed Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income (NCTI), focusing on income earned by Controlled Foreign Corporations (CFCs). While the name change is...more
7/30/2025
/ Compliance ,
Corporate Taxes ,
Foreign Corporations ,
GILTI tax ,
International Tax Issues ,
Reporting Requirements ,
Tax Credits ,
Tax Liability ,
Tax Planning ,
Tax Reform ,
Taxation
The One, Big, Beautiful Bill Act, passed on July 4, 2025, introduces many significant changes to U.S. tax law, affecting individual, estate and gift, business, and international tax provisions. For some of these changes, it...more
In the United States, we drive on the right side of the road. In Singapore, cars drive on the left. Mexico, meanwhile, has its own road signs and speed limits, which sometimes are viewed as suggestions....more