Carveouts from overseas profits tax sought for US territories ...Middle East

Sen. Bob Menendez is urging fellow Democrats to cushion the blow for Puerto Rico and other U.S. territories if they raise taxes on multinational corporations’ foreign profits. Menendez, a New Jersey Democrat, and others want to lighten the taxes owed on income that U.S.-controlled corporations generate in Puerto Rico, the U.S. Virgin Islands, Guam, American […] The post Carveouts from overseas profits tax sought for US territories appeared first on Roll Call.

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