Rep. Hern Asks Sec. Yellen to Consider Economic Fallout of President Biden Foreign Tax Plan
July 29, 2021
July 29, 2021
WASHINGTON, July 29 -- Rep. Kevin Hern, R-Oklahoma, issued the following news release:
Representative Kevin Hern (OK-01) sent a letter this afternoon to Janet Yellen, the secretary for the Department of the Treasury, regarding Foreign Derived Intangible Income (FDII) deductions. The Biden Administration is working to eliminate FDII which would put globally engaged U.S. companies at a significant disadvantage. This letter urges Secretary Yellen to reconsider repealing the FDII. All R . . .
Representative Kevin Hern (OK-01) sent a letter this afternoon to Janet Yellen, the secretary for the Department of the Treasury, regarding Foreign Derived Intangible Income (FDII) deductions. The Biden Administration is working to eliminate FDII which would put globally engaged U.S. companies at a significant disadvantage. This letter urges Secretary Yellen to reconsider repealing the FDII. All R . . .