New IRS regulations issued Monday make it easier for companiesto claim a tax break for exporting their made-in-America goods andservices.
The release of the regulations gives corporations a first lookat what they need to do to claim a new deduction in the 2017 taxoverhaul, which could lower their export income tax to about 13percent from 21 percent.
From airlines to defense companies, the Internal Revenue Serviceclarified that certain industries can claim a sizable deduction forthe income they earn from selling goods and services made in theUnited States overseas.
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