Changes to U.S. International Tax Rules By Biden Administration
Proposed Changes to U.S. International Tax Rules proposals include; Enact a UTPR and a QDMTT to Replace the BEAT, UPTR proposal, QDMTT Proposal, Increase GILTI Rate to 20%, Onshoring Tax Credit/Offshoring Loss of Deductions,Expand Access to Retroactive QEF Elections
Source: natlawreview.com