Lower FDII Tax Rate Lures Foreign IP and Services Back to U.S.

Truck and airplane with container cargo for logistic import export , concept of smart technology with global logistics partnership and transportation

Fiddy. Foe-dee. Eff-Dee-Eye-Eye. Whichever way you pronounce it, the new Foreign Derived Intangible Income (“FDII”) provision of President Donald Trump’s tax reform law means a significant reduction in taxes on exports by certain U.S.-based companies. Lawmakers intended the new rule to incentivize companies that don’t have large amounts of fixed assets (e.g., technology or professional…

Read More