Senate Finance Committee discussion draft includes certain proposals impacting US inbound investment
US Inbound Newsalert
On November 19, 2013, Senate Finance Committee Chairman Max Baucus (D-MT) released a comprehensive international tax reform discussion draft. Although the primary emphasis of the discussion draft is the modification of rules applicable to outbound investments by US multinationals, the discussion draft also includes certain proposals that may impact foreign multinationals with US operations. This alert summarizes the US inbound-specific provisions of the discussion draft.