GOP tax plan may not curb incentives for firms to shift profits, jobs overseas
Saturday, 11 November 2017 () By slashing the corporate tax rate, the GOP tax proposal could very well curtail the widely derided practice of companies moving headquarters to a foreign country simply to reduce their tax bite.
But how far will the tax overhaul go in advancing a top goal of President Trump’s -- keeping U.S. multinational...
The Tax Cuts and Jobs Act, the House GOP tax reform bill, passed the House on Thursday. The Senate bill's path faces a murkier outlook, especially after the defection of GOP Senator Ron Johnson on Wednesday. On Wednesday, Johnson became the first Republican senator to come out publicly as a "no" for...
· *The Senate tax plan eliminates the state and local tax deduction (SALT) which also allows people to make itemized deductions for property taxes.*
·... Business Insider - BusinessAlso reported by •CNSNews.com •FOXNews.com
RICHMOND, Va. (AP) — Virginia’s leading Democrats are blasting Republican tax overhaul as particularly punitive for the Old Dominion. U.S. Sens. Mark Warner... Seattle Times - Front PageAlso reported by •philly.com •Newsmax
The chairman of the House Ways and Means Committee said this weekend that he guarantees that deductions for state and local taxes would not be eliminated in any... bizjournals - BusinessAlso reported by •Business Insider