"One key proposed change would restrict companies from deferring the payment of taxes on profit earned overseas. Administration officials said the plan would keep businesses from taking deductions against their taxes by inflating the amount of foreign taxes they paid."
What is the corporate response?
"it could lead not to the administration’s hoped-for repatriation of taxes but rather to job losses or higher prices as companies try to compensate for a greater tax burden."
Status quo for corporations. But what is the benefit of closing the loopholes. 210 BILLION.
