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

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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...

 

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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...

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