WASHINGTON DC – National Foreign Trade Council (NFTC) Vice President for International Tax Policy Anne Gordon released a statement following the release of the reconciliation bill:
“Thank you to Chairman Smith, the Members of the Committee and all involved in the crafting of the tax provisions of this bill. We believe it is an important step toward providing the long term tax framework that our companies need to succeed.
“We are glad that the bill creates permanence for TCJA’s international measures and restores several expired provisions, including R&D and the interest limitation deduction. As the process moves forward, we urge the Committee to consider other important reforms and improvements to the international tax rules, including the continuation of CFC look-through.”
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About the NFTC
The National Foreign Trade Council (NFTC) is the premier business association advancing trade and tax policies that support access to the global marketplace. Founded in 1914, NFTC promotes an open, rules-based global economy on behalf of a diverse membership of U.S.-based businesses.
