U.S. Multinationals Lobby to Alter Foreign Tax Rules They Sought

U.S. Multinationals Lobby to Alter Foreign Tax Rules They Sought

Multinationals and business groups are lobbying Representative Dave Camp, urging him to loosen rules in a discussion draft that were designed to prevent companies from shifting income out of the U.S. to lower-taxed jurisdictions and eroding the domestic tax base. Photo: Christopher Powers/Bloomberg