Question: 1 0 . Oasis Co . , a U . S . shareholder owns 1 0 0 % of Shack Co . and 1 0
Oasis Co a US shareholder owns of Shack Co and of Studio Co both CFC Shatk Co has $ of gross income, of which $ is effectively connected income, and $ is interest expense without any allocable interest income. Shack Co has $ of machinery used in its trade or business. Studio Co has $ loss and machinery worth $ used its operations. A what is GILTI for Oasis Co B What impact do the operations of Shack Co and Studio Co have on Oasis Co US taxable income? Oasis music include $ of GILTI in its US Taxable income, but will also get a deduction of of its GILTI inclusion. As a result, its taxable income will increase by $
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