Time to Close the Foreign Investors Tax Loophole

Congress will put together a tax reform bill with the goal of eliminating tax loopholes, simplifying the tax system and reducing tax rates.  One loophole that they should eliminate is the most self-destructive tax loophole ever enacted, the Foreign Investors Tax Loophole [Sections §871(h,i,k) and §881(c,d,e) of the Internal Revenue Service code]. Enacted in 1984, it lets…

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Bipartisan House and Senate Trade Leaders Release Statement Regarding the U.S.-Korea Trade Agreement

WASHINGTON, D.C. – House Ways and Means Committee Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) today released the following statement about the U.S.-Korea trade agreement:  “North Korea’s latest nuclear test underscores yet again the vital importance of the strong…

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Clothes Washer Trade Case Seeks Remedy to South Korea Company Evasion

The European Union, Mexico and other foreign governments are blasting the premise behind a U.S. International Trade Commission safeguard investigation into large residential washer imports, arguing it violates U.S. commitments under the North American Free Trade Agreement and the World Trade Organization. [Isabelle Hoagland| September 1, 2017 | Inside US Trade] In briefs filed with…

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