U.S. Exporters Will Soon Get Rules On Made-in-America Tax Break

Companies will soon know how to qualify for a tax deduction on their income from goods made in the U.S. and sold overseas.

The White House regulatory office completed its review of final rules for the tax break on June 12. Treasury could now publish them at any time.

• The foreign-derived intangible income deduction under tax code Section 250 was introduced in the 2017 tax law to offset a tax on a new category of foreign income, called global intangible low-taxed income, or GILTI, and encourage companies to manufacture domestically.
• The final FDII rules (RIN: 1545-BO55) will tell companies how ...