Housing

Chamber urges Congress to reject international tax increases

by Jay Heflin - 04/19/10 2:10 PM ET

The letter specifically mentions limiting or closing deferral, foreign tax credits, dividend exemptions for foreigners, transfer pricing, or treaties would hinder U.S. companies’ competitiveness abroad.

Lawmakers have already limited or closed some of these provisions to help pay for jobs legislation. They could also use less controversial international provisions to help pay for the extension of expired tax provisions, as well as other Democratic priorities.

President Obama’s FY 2011 budget to Congress included $122.2 billion in tax increases on U.S. multinational companies.

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