https://www.taxtmi.com/news?id=833 International tax reforms reallocate incentives from overseas job creation to domestic investment by discontinuing deductions and preferential treatment for companies creating jobs abroad, while introducing incentives for domestic research and development and hiring. The measures target profit shifting and low tax treatment of foreign profits, and impose enhanced reporting and disclosure obligations on income generated by US persons in foreign accounts to combat cross border tax evasion and close related loopholes. en-us Tue, 05 May 2009 14:11:13 +0530 Tue, 05 May 2009 14:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=833 International tax reforms reallocate incentives from overseas job creation to domestic investment by discontinuing deductions and preferential treatment for companies creating jobs abroad, while introducing incentives for domestic research and development and hiring. The measures target profit shifting and low tax treatment of foreign profits, and impose enhanced reporting and disclosure obligations on income generated by US persons in foreign accounts to combat cross border tax evasion and close related loopholes. News - Tue, 05 May 2009 14:11:13 +0530 https://www.taxtmi.com/news?id=833