The official name of P.L. 115-123 is
Bipartisan Budget Act
It was enacted in the year 2018
(Source: wikipedia)
What is the official name of P.L. 115-123? What year was that law enacted? Where did...
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Last year (2018), the Congress enacted a new tax law which decreased the corporate tax rate from 35% to 20%. Using the Transfer Pricing principle, we can expect that in 2019 and beyond, U.S. multinationals are likey to report higher profits in their U.S. subsidiaries lower profits in their U.S. subsidiaries no change in where the multinationals report their profits an increase in expenses in their U.S. subsidiaries
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