Why the Impact of the Trump Taxes Remains Partly Hidden
Armed with legions of lobbyists, companies have been pushing hard — and successfully — to weaken new federal taxes that take aim at overseas tax havens.
Many of them have managed to avoid publicly disclosing how much they owe under the new taxes. Without such figures, it becomes virtually impossible for outsiders to work out how much companies are saving from the watered down tax rules.
In theory, this opacity should not exist. United States securities regulations have long required public companies to disclose even relatively minor tax expenses. Over the past year, this requirement has led to a small number of companies revealing the effect of the new taxes on overseas income.
Yet many others — including some longtime users of tax havens — appear to have found ways around disclosing how the overseas taxes will affect them.
https://www.msn.com/en-us/money/companies/why-the-impact-of-the-trump-taxes-remains-partly-hidden/ar-BBYsNCD?li=BBnbfcN
