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Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with ...
Concerns have arisen over Section 899, a provision contained within the reconciliation package that would allow the Treasury ...
The Treasury Department and Congress on Thursday moved to kill a so-called revenge tax that was set to raise taxes on foreign investment and had spooked Wall Street and global business leaders.
Proposed Section 899 of a U.S. tax bill would substantially increase tax rates on foreign investors from countries deemed ...
American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.
Income shifting by multinational firms has been researched extensively, yet few studies have examined foreign-owned ...
It would create a retaliatory surtax with a maximum rate of 20% on nationals (individuals and companies) of countries that impose “unfair foreign taxes” on U.S. businesses.
Trump’s tax bill could raise taxes on foreign companies, hurting investment from abroad A new analysis estimates a provision would cost the U.S. 360,000 jobs and $55 billion annually over 10 ...
Foreign countries, opens new tab have invoked that global minimum to slap higher taxes on U.S. tech firms, if they concluded that generous U.S. tax credits for research and development pushed ...
If the U.S. judged the taxes unfair, there would be a 30% tax rate on foreign companies' profits and income. People working in the U.S. for the companies who are not citizens could also be taxed ...
Industry groups representing sectors including real estate, finance and multinational companies are pushing for the reduction ...
Congress’s own official tax scorekeeper is predicting a “revenge” tax buried in Donald Trump’s massive fiscal package would realize Wall Street’s fears and drive foreign investors away ...