Foreign-Derived Intangible Income

Budget, Economy, Taxation, Trade, Washington

Manufacturers warn new Dem global tax schemes make US less competitive

Senate Democrats’ tax proposals would severely disadvantage U.S. businesses relative to their foreign competitors with tax increases under Foreign-Derived Intangible Income (FDII) and the Global Intangible Low-Taxed Income (GILTI) minimum tax, resulting in fewer jobs, lower wages, and decreased investment in U.S. manufacturing and innovation.