Domestic Manufacturing & Retail | Eversheds Sutherland Tax Reform Law Blog Domestic Manufacturing & Retail | Eversheds Sutherland Tax Reform Law Blog
Eversheds Sutherland Tax Reform Law Blog
content top

Tax Law Discourages U.S. Investment and Leaves Taxpayers in the Dark, According to New Report from Senate Finance Democrats

A recent report released by the Senate Finance Committee ranking member Ron Wyden asserts that the new tax legislation has resulted in “more complexity, loopholes and incentives to ship jobs overseas.” According to the report, the global intangible low taxed income (“GILTI”) provisions create a new web of complexity and leave taxpayers in the dark regarding future investment decisions....