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Living with GILTI (Part 1): How the New Tax on Foreign Intangible Assets Applies
The 2017 Tax Cuts and Jobs Act (TCJA) introduced the Global Intangible Low-Taxed Income (GILTI) rules, aimed at preventing US companies from shifting high-profit intangible assets to low-tax jurisdictions abroad, which erodes the tax base. Based on insights from experts at BDO, Global Tax Management, and CBIZ & MHM, this article systematically explains the calculation logic, key steps, planning options, and practical examples of GILTI, accompanied by a simplified numerical illustration.
US Rare Earth Company CFO Details Full-Process Processing Strategic Layout
MP Materials is the only company in the United States engaged in rare earth mining and processing. Its CFO Otto Schwethelm stated that the company is leveraging nearly $2 billion in investment from its previous owners, planning to achieve full in-house separation of ore by the end of 2020 to reduce reliance on Chinese processing stages. Meanwhile, the electric vehicle market will drive demand for neodymium-praseodymium products, and the company, with advantages such as high ore grade and low radioactivity, is expected to hold a favorable position in competition.