House seeks to increase proposed tax rates on repatriated foreign profits to 14% from 12%
|Reuters is reporting highlights from the House Tax Committee's updated proposal, with key quotes found below.
U.S. House Tax Committee chairman seeks change in house tax bill to restore adoption expenses credit.
U.S. House Tax Committee chairman proposes preserving moving expense tax break for members of armed forces relocating under military order.
U.S. House Tax Committee chairman seeks to increase proposed tax rates on repatriated foreign profits to 14% from 12% for cash and liquid assets, to 7% from 5% for illiquid assets.
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