Congress includes US territory amendment to tax legislation


Journal Staff


A tax bill calling for bold changes will ultimately land on President Trump’s desk for signature, and the question is — how will business on Guam and in the NMI be affected?

On Nov. 9, the House Ways and Means Committee passed the Tax Cuts and Jobs Act — a bill to dramatically transform America’s tax code for the first time in more than 30 years. The U.S. House and Senate commenced their debate and revision process on Nov. 13 and passed their versions of the tax bill on Nov . . .

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