U.S. tax revenue would have been reduced by $1.4 billion in 2021 under a proposed system to reallocate a share of tax payments to where large multinational corporations have customers but lack a physical presence, the Joint Committee on Taxation said Tuesday.
Pillar 1 Would Have Cost US Gov’t $1.4B In 2021, Study Says
by usoftax_admin | Mar 5, 2024 | Tax News