Project 2025 Tracker / What’s done, what’s next

22. Department of the Treasury · Notable · Needs Congress

Cut the GILTI tax rate to no higher than 12.5 percent

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“The tax on global intangible low-taxed income should be reduced to no higher than 12.5 percent, with the 20 percent haircut on related foreign tax credits reduced or eliminated.”

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Action
restrict
Object
tax on global intangible low-taxed income (GILTI)
ID
1933