The Monthly bill moves the US nearer to some territorial tax procedure where by US corporations are taxed only on their own revenue from US resources.
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This has tax implications. Profits that a US corporation earns, such as, from building electrical power in Canada or Mexico and offering throughout the border into the United States might be considered overseas-source profits.
Most traders in current tax equity deals are at risk for just about any tax credits which have been clawed back again under BEAT. The credits are credited against their returns While the traders might not receive them in reality.
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