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An F I D I l G CIA ff y O p o C The Committee of 300The World Bank Group Reference no: ASBL 0330 2012INFINITE BANK STATEMENTS (Top Secret with Amendments)Know to all men these presents, This Banking
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What is g icia?
G ICIA stands for Global Intangible Low-Taxed Income. It is a tax provision related to the international operations of U.S. multinational corporations.
Who is required to file g icia?
U.S. multinational corporations with foreign affiliates are required to file G ICIA on their tax returns.
How to fill out g icia?
G ICIA is filled out as part of the IRS Form 8992. Taxpayers must follow the instructions provided by the IRS for accurate completion.
What is the purpose of g icia?
The purpose of G ICIA is to prevent tax avoidance by taxing certain income that is shifted to low-tax or no-tax jurisdictions.
What information must be reported on g icia?
Taxpayers must report the amounts of global intangible low-taxed income and the calculation of the G ICIA tax liability.
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