GILTI or not GILTI?
- May 17, 2019
- Posted by: Hansen Sweeney
- Categories: News, Tax, US/UK

Do you (part) own your own business in the UK?
Sweeping changes introduced recently by Donald Trump mean that if you are a ‘US person’ with a ‘relevant interest’ in a foreign company, your foreign company’s profits are subject to US tax at a rate of circa 17%. There are additional, onerous reporting requirements too. IRS penalties can be severe for failure to comply with the law, so don’t get caught out — get in touch with one of our tax experts today.
-
Hansen Sweeney Presents at American Finance & Networking Event
We’re incredibly happy to share that we’ve won the ‘Most Dedicated Personalised Accounting Service Provider 2024’…
September 25, 2025 Read more -
Winners in AI Global Excellence Awards
We’re incredibly happy to share that we’ve won the ‘Most Dedicated Personalised Accounting Service Provider 2024’…
September 25, 2025 Read more -
New Proposal Would Tax Overseas Money Transfers
On May 22nd, the U.S. House of Representatives narrowly passed the “One Big, Beautiful Bill of 2025” which includes a lesser known but…
June 9, 2025 Read more