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Panel votes to raise taxes on Americans abroad
The House Ways and Means Committee backed raising taxes for most Americans working overseas while delaying action on multinational corporate foreign income measures. The panel approved a six month study and eyed shifting about 150 million dollars in annual revenue, with a tuition deduction replacing the foreign tax exclusion for many dependents abroad.
MENTIONED IN THIS ARTICLE
Washington
House
Ways and Means Committee
The
Treasury
U.S
United States
Hawaii
Alaska