On the recordFebruary 10, 2016
If the intellectual content and the innovation is in the United States, there is a substantial tax due in the United States when that money comes home.
Said by
Jacob J. Lew
Source
congress.govIf the intellectual content and the innovation is in the United States, there is a substantial tax due in the United States when that money comes home.
Lew explains that U.S. taxes apply to income generated by U.S. innovation.
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