180
Anti-Inversion Tax Plan
World Economy

Anti-Inversion Tax Plan

A top US Senate Democrat’s proposal to limit future deductions for companies that moved tax addresses out of the US as many as 20 years ago would penalize dozens of so-called inversion deals. The proposal by Charles Schumer of New York, would reduce the amount of deductible interest for inverted companies to 25 percent of US taxable income from 50 percent, according to a draft obtained by Bloomberg News. The proposal isn’t final and is subject to change, said a Schumer aide who asked not to be named while discussing pending legislation. 

Short URL : http://goo.gl/9HEkIf

You can also read ...

China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus