On 20 September 2018, the U.S. IRS published a draft version of the Instructions for Form 8992, Global Intangible Low-Taxed Income (GILTI). Form 8992, which is also in the draft stage, is used to compute a U.S. shareholder’s GILTI inclusion for tax years of CFCs beginning after 31 December 2017 as per the new rules introduced as part of the Tax Cuts and Jobs Act of 2017.