2021 International Slides 12.09.2021 - FINAL | Page 10

Example of C corp ownership vs S corp ownership

• Assumed facts

‣ Foreign income , pre-tax $ 1,100

‣ GILTI 1,000

‣ Foreign taxes 200

‣ Corporate tax rate 21 %

‣ Individual tax rate 35 %

‣ Net Investment Tax rate 3.8 % for MFJ if MAGI > 500k ( 400k single )

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