WASHINGTON—The Treasury Department proposed the final major international-tax regulation under the 2017 tax law on Monday, outlining how businesses can claim a break related to certain foreign sales. The break—for Foreign-Derived Intangible Income, or FDII—will let U.S. companies’ domestic operations get a 13.125% tax rate on some income, instead of the general 21% corporate tax rate. Congress created FDII to encourage companies to put intellectual property in the U.S., and the break could nudge corporations toward serving...

Source: Wall Street Journal March 04, 2019 21:11 UTC