That is really good news. Do you happen to have any details, or a link?
Thanks!
A wsj article I read this morning in the weekend edition, business section; taking about which kinds of companies will lose &/or gain (some both ways) from which new provisions.
From me one of the big pluses is also a move to the territorial tax basis; not taxed (generally) on income not earned in the domestic U.S. economy, and that basis, territorial, not global, is how all of our major trading competitors in Europe & Asia tax. With that one change a lot of money - earned outside the U.S. by U.S. companies, will quit being held by them outside the U.S. and will start coming back into savings and investment and spending here.
With that also is some incentives to move, among a U.S. corporations many units, which unit, is holding the ownership - and revenue - for its intellectual property. Some U.S. companies that have a high ratio of earnings from intellectual property - as opposed to manufacturing - have their unit that holds ownership to that property domiciled in a foreign economy, instead of the U.S., because of our global instead of territorial tax here. Instead of keeping that intellectual property held by units domiciled elsewhere, there is some incentives, lower taxes on it, to bring the ownership-holding of that property back here.