Joint Committee‘s budget analysis shows more pro-corporate slant
August 31, 2010
The report from the Joint Committee on Taxation (JCT) on President Obama's 2011 budget, provides revenue estimates for each of the tax provisions in the budget, including proposals about transfer pricing and treatment of intangibles.
To prevent improper shifting of intangibles income offshore the administration is seeking to provide taxpayers with clearer definitions for what constitutes intangible property.
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