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3 Jakobs torg
Stockholm, Stockholms län, 11152
Sweden

AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

News

Repatriation Tax and GILTI on Americans living abroad

Jacob Dornbos

 
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Under the Tax Cuts and Jobs Act of 2017 (the “Act”), American citizens and green-card holders (“U.S. Persons”) living abroad are personally subject to the repatriation tax and Global Intangible Low-Taxed Income ("GILTI") taxes if they constitute individual U.S. Shareholders of a Controlled Foreign Corporation (“CFC”).

The effective tax rate of the repatriation tax is 17.45% on individual U.S. Shareholders –- higher than the 15.5% rate that multinationals pay. Large corporations receive tax credits and deductions to minimize their GILTI income, individual U.S. Shareholders do not, and will pay taxes at the rate of 37% on GILTI income.

Let us know here if you would like to be connected to a group of concerned Americans abroad who are working on this issue. 

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