Senate Finance member Enzi introduces territorial tax bill with similarities and differences to Camp proposal

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On February 9, 2012, Senate Finance Committee member Michael Enzi (R-WY) introduced a bill on international tax reform that adopts a territorial tax system and makes significant changes to the subpart F and foreign tax credit regimes. Although the bill does not reduce the corporate income tax rate, Sen. Enzi anticipates future tax reform efforts will reform the taxation of individuals, flow-through businesses, and corporations.



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