Among the changes in the One, Big, Beautiful Bill Act (OBBBA) was the renaming of Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income (NCTI). But the renaming is not the end of the story. The OBBBA also permanently decreases the now-NCTI deduction from 50% to 40% beginning in 2026. (Under the Tax Cuts
Jones Walker SALT Team partner, John Fletcher, will present on the “Border Crossings: State Tax Complexities for Multinational Businesses” panel at the COST Spring Conference. Multinational businesses are experiencing significant state tax impacts, pitfalls, and exposure. In this session we will discuss the state tax complexities associated with a global business including the