Foreign-Profit Tax Break Is Outlined

Article Abstract:

Investors reacted with disappointment to the news that the Treasury Department is planning a one-time tax credit for companies that reinvest their overseas profits back into the United States because the credit will not be able to be used for stock repurchases or increases in shareholder dividends.

Government expenditures, International aspects, Economic policy, Corporations, Tax credits, United States. Department of the Treasury

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How Tax Bill Gave Business More and More

Article Abstract:

The Senate has passed Charles E. Grassley's corporate bill giving $137 billion in tax breaks to industries of all types. The legislation is designed to replace tax credits for American exporters, that the World Trade Organization considers illegal.

Tax Law, Public Finance Activities, Interpretation and construction, Taxation, Political aspects, International trade, Tobacco farmers

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Republicans Try to Dilute Bill on Taxing Corporations

Article Abstract:

Republicans and business groups are working on making a tax shelter bill that is currently being discussed in the House of Representatives less strict.

Other Financial Vehicles, Investors, not elsewhere classified, Tax Shelter Investment Svcs NEC, Tax shelters

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