No Offshoring Life Ring Donald Trump’s “America First” agenda is being challenged by Democrats who say it did not go far enough. The latest legislation from Democratic leaders would:
Require multinationals to pay the same tax rate on profits earned abroad as domestically.
Tax foreign profits to prevent benefits to low-tax countries.
Equalize tax rates on profits earned abroad to the tax rate on profits earned domestically.
Eliminate deductions for “global intangible low-tax income” and “foreign-derived intangible income” and applying GILTI on a per-country basis.
Repeal the 10 percent tax exemption on profits earned from certain investments overseas. ...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
