Tax Changes Hit Overseas Profits of Some U.S. Companies

  • 📰 WSJ
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Companies like Procter & Gamble are facing nine-figure U.S. tax bills they didn’t expect under the new law

WASHINGTON—When Republicans rewrote the international tax system in 2017, they were trying to help U.S. companies like Procter & Gamble Co. compete in foreign markets and create domestic jobs. Fifteen months later, the Ohio-based consumer products maker and other U.S.-based multinationals warn the new law could instead put them at a disadvantage globally and reduce their incentive to invest at home.

P&G pays about 18% to 19% of its non-U.S. income in foreign taxes. That is high enough that executives thought they...

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 98. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Good

Thoughts and prayers.

Alert on ‘fake’Nelson Peltz, American billionaire charity fraud. The scam is so personalized that I was cajoled into a belief of working on P&G. scammer details for police investigation+27840546591, Yolanda+27848117032, FNB bank a/c 62517549806 they live in Gauteng, South Africa

If they didn’t know about it they need to fire their CFO - someone was asleep at the wheel!

Is there a deep irony here? Do they want the other taxpayers to feel sorry for them? Do they still support the GOP in tax reform?

Not trumps though? 🤣

Anyone would think the GOP were clueless...

Belgique Dernières Nouvelles, Belgique Actualités