Layla Asali Quoted On International Tax Regulations in Bloomberg Law

"IRS Works to Wrap Up International Rules This Summer"

Bloomberg Law


Layla Asali was quoted on Internal Revenue Service (IRS) preparations to finalize several regulations implementing the international provisions of the Tax Cuts and Jobs Act of 2017 (TCJA), including those addressing foreign tax credits and the new Global Intangible Low-Taxed Income (GILTI) regime. "To the extent the U.S. shareholder is trying to mitigate the GILTI inclusion through foreign tax credits, that's the piece that we're still uncertain about until we have the final regulation," Asali said.