August 8, 2018 / 2:04 PM / 6 days ago

U.S. Treasury proposes tax rules on pass-through businesses

WASHINGTON, Aug 8 (Reuters) - The U.S. Treasury on Wednesday proposed tax regulations for a new 20 percent income tax deduction for owners of businesses organized as pass-through entities, including rules to prevent the measure from becoming a tax loophole for wealthy Americans. (Reporting by David Morgan; Editing by Andrea Ricci)

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