It would also offer $39 billion in tax cuts on foreign income earned by American multinationals.
The House also approved a bill to provide tax relief on foreign income for banking, insurance and financial services companies.
Tourism, a major source of foreign income, is expected to break all records this summer.
Parties are required to report foreign income, but need not identify Russian backers.
Other than this case, France does not tax the foreign income of its nonresident citizens.
The credit often is limited based on the amount of foreign income.
The remittance basis will only apply to your foreign income.
The executive also cited British tax law that, in effect, penalizes foreign income.
But the researchers found that cash holdings grew just as quickly among companies with no foreign income.
Our coal exports are a major source of foreign income.