• March 3 2020

TAXING GLOBAL INTANGIBLE LOW-TAXED INCOME (GILTI)

While MTF generally believes there are several infirmities with the current proposal to tax GILTI revenue, trying to use this revenue to finance transportation is especially ill-suited because the revenue is uncertain, will be difficult to collect in the short-term and is harder to leverage for capital financing than other transportation revenue sources that are more straightforward.