Perspectives on Taxation Lecture Series
The States Should and Can Conform to GILTI
- Darien Shanske
Professor of LawUniversity of California - Davis School of Law
- Ken Levinson
CounselFredrikson & Byron, P.A.
Corporate income taxes are a critical revenue source for both state governments and the U.S. federal government. Yet corporate income tax revenue collections have been increasingly plagued by taxpayers’ use of artificial tax avoidance mechanisms that shift profits to tax havens and other (low-tax) foreign jurisdictions. The sweeping Tax Cuts and Jobs Act of 2017 attempted to deal with this problem in a number of ways, the most important of which is the Global Income Low-Taxed Income (or “GILTI”) regime. This presentation will present the case for state conformity to GILTI.
RSVP to Christa Daszkiewicz at #612-625-9073 or email@example.com.
The University of Minnesota Law School Corporate Institute Forum on Taxation and Regulation
A buffet lunch will be served beginning at 12:00 p.m.