U.S. House Republicans Urge Treasury Secretary Yellen to Maintain FDII Deduction

Republican members of the U.S. House Ways and Means Committee have sent a letter on 28 July 2021 to Treasury Secretary Janet Yellen to express concerns regarding the proposed elimination of the foreign derived intangible income (FDII) deduction.

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Dear Secretary Yellen,

As Members who care deeply about research and development, manufacturing, and jobs here in the United States, we are writing to express concern about the elimination of the foreign derived intangible income (FDII) deducti…