By not taking action, many companies and business owners are paying unnecessary additional tax on their companies’ operating income each year! Before the TCJA, businesses could defer paying taxes on their overseas earnings. The TCJA (“tax reform”) completely changed that. The GILTI tax is assessed on operating income every year. But your business structure and tax strategies can be optimized to reduce the new tax. At the end of our GILTI planning, there is full transparency as to how the current law will impact your specific situation and the proper structure to minimize GILTI taxes.