The article outlines key strategies for mitigating tax liabilities under GILTI and BEAT, including optimizing Foreign Tax Credits, utilizing the high-tax exception, restructuring operations, leveraging Section 962 elections, and engaging in robust tax planning and documentation. It emphasizes proactive measures like increasing domestic revenue, monitoring base erosion payments, and exploring exemptions to ensure compliance and minimize risks.
This article provides a comprehensive, step-by-step guide for global businesses to navigate GILTI and BEAT rules, offering strategies such as leveraging tax credits, restructuring, and modeling scenarios to minimize tax liabilities while ensuring compliance with international tax regulations.
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