Republican Treasury Dept Aim To Undo Tax Rule Preventing American Companies From Moving Money Offshore to Avoid U.S. Taxes
Not too many policy moves less popular than this one!
Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes.
The Treasury is looking at regulations intended to prevent American firms from lowering their U.S. tax bills by shifting income to their offshore branches.... The department is also contemplating repealing them entirely to replace them with something more business-friendly.