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Washington weighs tighter curb on overseas investments
Washington studies further cuts in American spending abroad as corporate plans rise. Despite voluntary compliance under President Johnson, U S corporations expect to invest 1.3 billion dollars more overseas this year, while repatriations of dollars fall from last year. réactions vary from better reporting to a possible 10 to 20 percent tax on dollar capital investments abroad.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
New York
Washington
Johnson
U.S
United States
George F. James
Socony Mobil
Congress