As opposed to a US spinoff company getting it and keeping all oversea profits of... | Hacker News

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		cma on June 4, 2019 \| parent \| context \| favorite \| on: Trump's Next Trade War Target: Chinese Students at... As opposed to a US spinoff company getting it and keeping all oversea profits offshore in Ireland etc. to avoid taxation?

Hydraulix989 on June 4, 2019 [–]

That "loophole" was closed in 2017 by the Trump Tax Cuts and Jobs Act (GILTI/transition tax).

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