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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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