Foreign corporations get more time to comment on how their profits are taxed

The US Treasury Department is reopening comments on proposed rules for how foreign corporate profits are taxed. This means foreign companies and their shareholders have another chance to weigh in on how much cash they must keep in the US.

These rules affect how much money foreign corporations can move around globally without being taxed again in the US. The current rules are complex, and changes can significantly alter how multinational companies structure their finances. This extension suggests the Treasury is still trying to get the details right, or that the initial proposals were controversial.