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Senate approves antiboycott and antibribe tax provisions
The Senate backed a multibillion-dollar tax package adding antiboycott and antibribe rules that punish American firms aiding foreign boycotts or paying bribes. The measure, approved 86 to 1, could cost firms about 100 million dollars in 1977 and becomes law 30 days after passage with retroactive antibribe effects to January 1.
MENTIONED IN THIS ARTICLE
Washington
Israel
Senate
Ford Administration
Finance Committee