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Move chops revenue from the proposed 20% excise tax on certain payments to offshore affiliates.
Activists nominees receive less than 25% of shareholders' votes.
Underwriters will be pushing for increases to offset the hit to their earnings, Willis says.
Ways and Means Chairman Brady offers changes amid range of industry complaints.
Move underscores U.S. companies' uncertainty about tax reform.
Change in timing of taxes on options could make them less attractive.