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Global Trade Alert

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United States of America: Provisions in the Tax Cuts and Jobs Act affecting international transactions

Description

Section 13305 repeals the deduction for income attributable to domestic production activities. Existing law (Section 199 of the tax code) provides a deduction from taxable income (or, in the case of a...

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Intervention Details

Intervention Type

Local content incentive

MAST Chapter

I: Trade-related investment measures

Implementation date

01 Jan 2018

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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