Taxing companies' overseas profits could be the next rift among Democrats


Democratic leaders are coming under growing pressure to dial back their bid to hike taxes on corporations’ overseas profits — a key component of their plans to finance their coming reconciliation spending package.

A significant number of Democratic lawmakers are concerned that proposals by the White House and others to beef up a minimum tax on big companies go too far and will put American firms at a competitive disadvantage, sources familiar with Democrats’ internal negotiations say.

They worry that the tax increases would be much larger than what more than 130 other countries, including the EU, have tentatively agreed to as part of a push

→ Continue reading at Politico

[ufc-fb-comments url=""]

Latest Articles

Related Articles