The House Republicans have released their tax plan in advance of the 2016 election.
One unique aspect of the plan is the move to a "territorial system" for business taxes.
Currently, the US is one of the few nations that taxes the earnings of individuals and businesses at a world-wide level. In other words, even if you, or a business, makes money in Europe, you'll pay American taxes on those earnings.
At least for businesses, House Republicans aim to change that :