29 Democratic members of Congress from California today urged California to make its film tax credit more generous. A bill to do so, AB 1839, has passed the state Assembly and is pending in the Senate.
Tax Foundation Vice President for Legal & State Projects Joseph Henchman discusses how U.S. corporations are taxed on their overseas earnings and how the system could be improved.
Tax Foundation Special Report 197, "Rethinking U.S. Taxation of Overseas Operations: Subpart F, Territoriality, and the Exception for Active Royalties" by Joseph Henchman (11/22/11)
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