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Trump’s Tax Bill Backfire: Foreign Companies Could Avoid U.S. Investment over Steep Hikes

Summary by Fortune
President Donald Trump likes to say he’s bringing in trillions of dollars in investments from foreign countries, but a provision in his tax cuts bill could cause international companies to avoid expanding into the United States. The House-passed version of the legislation would allow the federal government to impose taxes on foreign-parented companies and investors from countries judged as charging “unfair foreign taxes” on U.S. companies. Known…

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U.S. News broke the news in New York, United States on Tuesday, June 10, 2025.
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