WASHINGTON—Bowei Lee’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as theyBut the Taiwan-based firm, LCY Group, faces a problem: Earnings from the new factory would be taxed twice.
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Gavin Newsom spurns proposed big-business tax hikeDemocrats in the Legislature say the tax would apply to just 0.2% of corporate tax filers.
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