US House of Representatives releases tax reform bill

WASHINGTON D.C. — The Republican-controlled U.S. House of Representatives released a draft of their tax reform bill on Nov. 2. Features of the bill include a corporate tax rate reduction from 35% to 20%, repeal of the corporate alternative minimum tax, 100% exemption for dividends paid to U.S. corporations and a 20% excise tax on specified deductible payments made by a U.S. corporation to foreign related corporations . . .

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