Carveouts from overseas profits tax sought for US territories ...Middle East

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Carveouts from overseas profits tax sought for US territories
source : Roll Call ( Middle East ) () 16
Sen. Bob Menendez is urging fellow Democrats to cushion the blow for Puerto Rico and other U.S. territories if they raise taxes on multinational corporations’ foreign profits. Menendez, a New Jersey Democrat, and others want to lighten the taxes owed on income that U.S.-controlled corporations generate in Puerto Rico, the U.S. Virgin Islands, Guam, American […] The post Carveouts from overseas profits tax sought for US territories appeared first on Roll Call.

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