Minnesota Senate Media Services
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Worldwide Corporate Reporting Tax Provision Dropped
Posted
May 6, 2023
Views
302
May 6, 2023
302
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0:57Now PlayingSenate Tax Chair Ann Rest announced that the Senate would not longer pursue a provision that would tax corporations with foreign subsidiaries on their worldwide earnings. The proposal would have raised about $450 million over the coming biennium, according to projections by the Minnesota Dept. of Revenue.
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