U.S. Companies Get Tax Reprieve in IRS Foreign-Income Rules

WASHINGTON—The Treasury Department relaxed some tax rules on U.S.-based multinational corporations, issuing final regulations Monday that give relief to companies operating in high-tax foreign countries.

The final rules gave companies some but not all of what they wanted and will reduce the U.S. tax burden on companies operating in places such as Germany and Japan. The change may encourage them to invest more in such high-tax places, according to an analysis by the Treasury Department and Internal Revenue Service.

JuddApatow My spouse is French so I live in a French territory. I pay taxes here and as a US Citizen, I'm obligated to pay federal income tax in the US as well (we're talking less than 6 figure salary here)... I guess I should declare myself a corporation to get around that

so US is giving money away to other countries…?

Anyone tell the MAGA crowd? They think Don the Con is working to bring jobs back to US and they don’t read WSJ.

Sensorred answers (5). Whatever I try, I can't get them visible.

Wait, what?

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