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The 2017 US Tax Cuts & Jobs Act (TCJA) A)Raised the US corporate tax rate B)Created a new type of taxable foreign income called Subpart
The 2017 US Tax Cuts & Jobs Act (TCJA) A)Raised the US corporate tax rate B)Created a new type of taxable foreign income called Subpart F income C)Created a new type of taxable foreign income called Global Intangible Low Tax Income (GILTI) D)Exempted all profits earned by foreign subsidiaries of US corporations from US taxation
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