U.S. Tax Reform Law Spurs Business Restructuring Opportunities
International Gaming Company
Restructured company’s international operations, which include locations such as South Africa, Poland, Egypt, Malaysia, Spain, and Switzerland, in response to U.S. tax reform to obtain U.S. deferral of offshore high-taxed global intangible high-taxed income (GILTI) and converting such income into "Subpart F income" that is eligible for special treatment under the "high-tax exception." Utilizing this structure also reduced the company's global effective tax rate by more than 20 percentage points.
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