Corporate tax alert (05/12/2013)
United States – Baucus international tax reform proposals: impact on foreign multinationals
Senate Finance Committee Chairman Max Baucus issued a staff-level discussion draft of a comprehensive international tax reform proposal on 19 November 2013 (See Corporate Tax Alert of 22 November 2013). Although the headline proposals in the Baucus draft are targeted at outbound issues such as deferral of offshore income and the matching of related onshore expenses, there are a number of important provisions that may impact inbound companies.
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