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%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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...

Ireland Ireland Latest News, Ireland Ireland Headlines