American businesses make and sell products here in the US as well as in foreign countries. When a firm sells its goods in the US, income taxes will be imposed on the net profit. When a US firm sells its goods in a foreign country, foreign income taxes will be imposed on the net profit […]
Senators Hatch, Coons and Heller have introduced the LEADs Act in the Senate. The bill would establish a framework for how the U.S. government can access data stored abroad during the course of a criminal investigation. Alan Daley’s new piece, published in today’s Daily Caller, discusses why this bill is so important in protects U.S. economic interests abroad.