AmCham supports a territorial tax system to boost US’ international competitiveness

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Following U.S. President Trump’s announcement of his tax plan proposing reductions in both individual and corporate income tax rates, as well as a shift to a territorial tax system away from the current worldwide system, AmCham made a submission to US Congressmen and the Administration to re-examine the impact of the American system of worldwide taxation has on U.S.’ international competitiveness. Read the position paper to learn more.