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Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.

© Eric Lee for The New York Times

Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.

Business Lobbyists Scramble to Kill $100 Billion ‘Revenge Tax’

Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.

© Eric Lee for The New York Times

Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.
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