Companies Get Leniency in Made-in-America Export Tax Break
- Tax break is meant to encourage companies to produce in U.S.
- Deduction lowers the tax rate on exports to about 13 percent
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New IRS regulations issued Monday make it easier for companies to claim a tax break for exporting their made-in-America goods and services.
The release of the regulations give corporations a first look at what they need to do to claim a new deduction in the 2017 tax overhaul, which could lower their export income tax to about 13 percent from 21 percent.