<p>Former Treasury Official Cautions Against Higher GILTI Rate</p>

Former Treasury Official Cautions Against Higher GILTI Rate

Claims that the Tax Cuts and Jobs Act’s minimum tax provisions encourage offshoring are untrue and any increase in the global intangible low-taxed income rate would punish United States-headquartered companies, former Treasury Assistant Secretary for Tax Policy Pamela F. Olson said at a March 25 Senate Finance Committee hearing.

<p>Claims that the Tax Cuts and Jobs Act’s minimum tax provisions encourage offshoring are untrue and any increase in the global intangible low-taxed income rate would punish United States-headquartered companies, former Treasury Assistant Secretary for Tax Policy Pamela F. Olson said at a March 25 Senate Finance Committee hearing.</p>