The Treasury outlined how businesses can claim a tax break related to certain foreign sales, a move that benefits companies such as Boeing and Intel
The break—for Foreign-Derived Intangible Income, or FDII—will let U.S. companies’ domestic operations get a 13.
125% tax rate on some income, instead of the general 21% corporate tax rate. Congress created FDII to encourage companies to put intellectual property in the U.S., and the break could nudge corporations toward serving...
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