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Companies Win—Somewhat—as Treasury Trims Reach of Minimum Tax

  • 📰 WSJ
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  • 2 min. at publisher
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  • News: 9%
  • Publisher: 63%

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U.S. companies say the current system encourages them to locate research and other expenses outside the U.S. and gives an advantage to foreign-based companies that don’t pay the minimum tax

Under a new rule proposed earlier this month, Treasury would make it easier to escape a minimum U.S.

tax that was supposed to hit only companies with low foreign taxes but also ended up affecting those operating in high-tax countries. Once the rule is final, U.S.-based companies could choose to have subsidiaries with tax rates of at least 18.9% excluded from that minimum...

 

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Let's see now. These are the same companies who pay their lobbyists millions of dollars to change the tax laws, so that they can go overseas in the first place. Now they are complaining?

Interesting

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