
More of the Same: Breaking Down Biden’s Budget
Tax Notes Talk
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The US Tax System Would Be an Outlier
The US tax system would be somewhat of an outlier in several respects, says Andrew Hammond. It would adopt the under tax profits or under tax payments rule to prevent companies from inverting in moving their headquarters to non compliant countries. The guilty calculation would be made on a country by country basis and it would repeal the foreign derived low tax income deduction.
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