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Israeli Treasury Dept. lobbies US Treasury to seek solution for GILTI.

Israeli Treasury Dept. lobbies US Treasury to seek solution for GILTI.

Monte Silver
By Monte Silver
In response to public pressure orchestrated by, and meetings held with Monte Silver, the Israeli Finance Ministry, which maintains close ties to the U.S. Treasury, publicly weights in on the GILTI predicament. The main solution it proposed is the High Tax exemption under Internal Revenue Code Section 954(b)(4)
See formal position of the Israeli government submitted to the US Treasury:https://drive.google.com/file/d/1AHEkYy4yus7_RjEcUpUIzTByQKTK1E4o/view