H.R. 591 Would Impose Reciprocal Taxes on Foreign Countries

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H.R. 591 Would Impose Reciprocal Taxes on Foreign Countries

  • By House Ways and Means Committee

H.R. 591, the Defending American Jobs and Investment Act, introduced by House Ways and Means Committee Chair Jason Smith, R-Mo., would impose reciprocal taxes on the U.S. income of companies and investors in foreign countries that impose extraterritorial or discriminatory taxes on U.S. businesses.

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