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Daily Tax Report: International

US Companies Move Behind American Shield to Delay Global Tax

US multinational companies are engaging in what essentially amounts to a political game of chicken, dissolving their overseas holding companies and reshoring ownership of their subsidiaries to delay paying the new 15% global minimum tax—perhaps indefinitely.

Bogus ‘Made in USA’ Claims Flourish. The FTC Is Cracking Down

Regulators have targeted violators as varied as a small dog-fence business to tractor company Kubota and a t-shirt maker that sold ‘FJB’ shirts to critics of President Joe Biden. The heightened focus coincides with a broader administration push for companies to keep more manufacturing in America.

Bloomberg Government

US Border Crossings by Chinese Nationals Raise Alarm, Rhetoric

US border officials have logged a sharp increase in crossings by Chinese nationals over the past year, prompting Republicans on Capitol Hill to sound alarms about security risks while Democrats caution against dangerous rhetoric.

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