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White House would consider tax break on foreign profits

The White House said on Monday it would consider, as part of an overhaul of the tax code, a tax break for companies on foreign profits brought back to the United States.
/ Source: Reuters

The White House said on Monday it would consider, as part of an overhaul of the tax code, a tax break for companies on foreign profits brought back to the United States.

White House spokesman Jay Carney told a briefing a so-called repatriation holiday was something the Obama administration would consider as part of tax reform.