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Podcast: Offshore Tax with HTJ.tax
Episode: One Big Beautiful Bill Act Aligns U.S. International Tax Rate with Global Norms
Description: The One Big Beautiful Bill Act (OBBBA) represents one of the most significant shifts in U.S. international tax policy since the 2017 Tax Cuts and Jobs Act (TCJA). By transitioning from the Global Intangible Low-Taxed Income (GILTI) regime to the Net CFC Tested Income (NCTI) system, Congress not only simplified the rules—but also brought the U.S. statutory rate on international income closer to global standards under Pillar Two.In this episode, we unpack what that alignment means, how it affects U.S. multinational corporations, and why the OBBBA’s rate reforms may signal the end of A...