In Solving Tax Bill Problems, House Republicans Create New Ones

2017-11-09 0

In an attempt to solve one of their biggest issues with their tax bill, the House Republican leadership may created an even bigger headache.
The new complication stems from a proposed 20% excise tax on payments from US entities to foreign subsidiaries. The tax proposal would have made the sale of a good into the US by a foreign subsidiary of the multinational company subject to the tax.

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