(Credit: AP/Charles Krupa/Getty/tiero/Salon) President Donald Trump’s tax reform bill may have actually made it easier for companies to save billions of dollars in taxes on the profits they stash overseas. Thanks to a loophole in the recently passed Republican tax bill, multinational corporations that have stashed their profits overseas will now pay a substantially lower tax rate.
Similar Stories to Loophole In Gop Tax Bill Will Allow Corporations To Hide Even More Money Overseas on Bing News
Matthew Rozsa, Salon: Politics
Fri, 01/12/2018 - 1:59pm
Topics: credit ap/charles krupa/getty/tiero/salon president donald trump s prior united states harvard law school stephen shay explained this ironically republican reuters shay loophole gop corporations money overseas tax bill percent cash rate companies profits foreign multinational reform taxes repatriation paying taxed stashed reduce position pay positions
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