Stacey E. Plaskett, the 5th Delegate to the U.S. House of Representatives from the U.S. Virgin Islands, has introduced the Territorial Economic Recovery Act (Bill HR 6648). According to the following release on the Bill, it is intended to remedy the negative impact of the GILTI rules on U.S. territories.
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CONGRESSWOMAN STACEY E. PLASKETT INTRODUCES HR 6648 - THE TERRITORIAL ECONOMIC RECOVERY ACT
Washington, D.C. – Congresswoman Stacey E. Plaskett released the following statement after…