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The key provision on dividends is completely different from what the House passed, a reduction of the tax rate on dividends and capital gains.
The tax on dividends.
I believe passionately in cutting taxes on dividends.
And new taxes on dividends mean I'll be paying more.
"It would also significantly reduce the double taxation on dividends.
Instead of eliminating the tax on dividends as the president proposed, the House bill would reduce the tax on dividends and capital gains, to 15percentt.
Investors in master limited partnerships and REITs still pay taxes on dividends.
Some compromises will be necessary on scheduled increases in levies on dividends and capital gains.
Multinationals put foreign investment through Dutch holding companies to avoid withholding taxes on dividends.
Tax rates on dividends also increased for those with high incomes.
Taxes were levied on dividends and when assets were sold abroad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com