Several American multinationals are moving forward with plans to bring their valuable intangible property back home, enticed by new tax benefits the US has to offer.
Practitioners say the expanded deduction on income from US exports, an exemption from the 15% global minimum tax on US profits, and retention of the 21% corporate tax rate are drawing companies’ eyes.
Because of the changes made to the export deduction, known as the foreign-derived deduction eligible income regime, or FDDEI, “you can actually get hugely outsized benefits if you’re selling to both domestic and foreign customers out of the US,” according to ...