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GILTI and Other Conformity Issues Still Loom for States in 2020
Even two years after enactment of the federal Tax Cuts and Jobs Act (TCJA), many states have yet to issue guidance explaining how they conform to key provisions of the law, particularly those pertaining to international income.
27 min read![OECD Secretariat Proposal, OECD Public Consultation Document, Unified Approach under pillar one](https://taxfoundation.org/wp-content/uploads/2019/11/international-tax-flag-oecd-eu-global-e1573491548305-300x168.jpeg)
A Hybrid Approach: The Treatment of Foreign Profits under the Tax Cuts and Jobs Act
The Tax Cuts and Jobs Act moved the U.S. toward more of a territorial corporate tax system used by most other OECD countries. However, the U.S. law contains key differences in the treatment of foreign profits.
24 min read![Minnesota State Capitol Northeast](https://taxfoundation.org/wp-content/uploads/2017/06/Minnesota_State_Capitol_from_northeast_5-e1529342274227-300x205.jpg)
Minnesota’s Tax Plans Make Modest Improvements
In response to the new federal tax law, the governor and lawmakers in both houses have proposed plans for updating Minnesota’s tax code.
2 min read