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US Republicans debating remedies for corporate tax avoidance

Companies have accumulated some $2.6 trillion in abroad

Us Republicans

Reuters  |  Washington 

President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit US corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.Congressional and administration staff have begun to examine options to address profit-shifting schemes that include so-called transfer pricing, earnings stripping and tax inversions. A decision on how to handle these in tax legislation could come before Congress leaves town for its one-week July 4 recess on June 29, officials and lobbyists said. Lawmakers say the ...

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First Published: Sun, June 18 2017. 17:53 IST