E
Edwin
Member
Is Obama not violating some double taxation relief here by saying that US companies will pay tax on the profits earned overseas even if they don't bring them to America?
http://www.bbc.com/news/business-31085912
According to my understanding, these companies strode a repository of NET profits which should mean that they should have been taxed in their respective countries. Or is that the structure of the taxation in US will tax only if the overseas tax rate is lower?
http://www.bbc.com/news/business-31085912
According to my understanding, these companies strode a repository of NET profits which should mean that they should have been taxed in their respective countries. Or is that the structure of the taxation in US will tax only if the overseas tax rate is lower?