GILTI - Global Intangible Low-Tax Income EXPLAINED: An intro

[@donttread5414]

Im a dual US/CA citizen living in Canada and cannot grow my business or form a corporation because of CFC , SUBPART F and GILTI. Im forced to take a large salary as a sole-prop, take legal risks of being sued and pay an unnecessary amount of taxes instead of forming and keeping it in a Canadian corporation and investing in my community. I also cant properly invest for retirement because of PFIC's. My Canadian TFSA (Roth IRA) is also taxed by the IRS. Im absolutely disgusted the US treats its citizens this way.

[@irsmedic]

It's inhumane, isn't it? This is financial terror plain and simple. This is what happens when your tax code is not so much about revenue, but wildly misguided social engineering. Taxes should raise revenue to pay for essential functions of the government. Our tax code should not be used as a weapon to punish Americans who don't live their life the way those creepy Washington creatures think they should. Passive-aggressive tyranny is still tyranny. Be sure to support the effort to curtail at least some of this nonsense. TFFAA is a winner! be sure to check out this update in case you haven't already. We can actually win this thing! www.irsmedic.com/blog/2018/12/ttfi-bill-is-here.html

[@senseijoe8.292]

Some rumors have spread that an idea was created that replaces the idea to protest in front of the US embassies. Because Americans abroad are scared to protest in front of US embassies, why not wear a patch of the star of David with the American flag on it with the words "US Tax Slave"on it. This may gain a lot of attention.

[@laobanK]

I would love it if you would address GILTI with regard to foreign partnerships. I had read that these as well as sole proprietorships are considered 'disregarded entities' and not subject to either Transition OR GILTI.

[@funny1048youtube]

can gilti tax effect me if I invest in international stocks on vanguard

[@jakefreeman8075]

Yes they will make your investment go worthless. Sell as soon as possible.

[@gioiamiafumagalli184]

And then you wonder why so many U.S citizens are renouncing their citizenship...

[@hemantparakh8995]

I WOULD LIKE TO PAY ONE HUNDRED AND THIRTY FIVE DOLLARS AS AN INVESTMENT TO FETCH GILTI INCOME SO KINDLY ADD ME TO THE GILTI INCOME SCHEMES

[@mrashfaq2806]

Hello sir

[@dianawolf894]

GILTI