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US: Latest version of Build Back Better proposal would modify international tax proposals in House Ways and Means bill

|Tax Alerts, National/Federal Taxation, L ...|United States
United States

Executive summary

The latest version of the Build Back Better Act (the BBBA Draft), which the House Rules Committee released on 28 October 2021, includes significant changes to the international tax provisions of the Internal Revenue Code1 (IRC). These and other tax changes are generally intended to fund expanded social programs such as health coverage, affordable housing, universal pre-k…

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