George L. Salis is Principal Economist and Tax Policy Advisor who is an economist, lawyer and tax professional with over 28 years of experience in international taxation and trade compliance, tax planning and controversy, fiscal regulation and tax economics consulting. He is responsible for analysis of economic, legal, financial, trade, and development issues in countries, as well as tracking and analyzing the rapid change in tax policies and regulations, and inter-governmental organizations, and tax administrations around the world.
Mr. Biden has suggested raising the GILTI rate to 21%. Combined with the proposed reintroduction of an alternative minimum tax, which was taken away in the 2017 Tax Cuts and Jobs Act, such proposals could result in “significant increases."21 October 2021