The Global Race to the Bottom in Corporate Taxes

The U.S. tax rate is simultaneously low and high.


'You can no longer tax corporations the way you used to because corporations will in fact move,' says one expert.

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While American businesses and lawmakers gear up for what will likely be a protracted fight in Congress over tax reform, foreign countries are facing their own discord over tax law. At the G20 summit in Moscow last weekend, the OECD released a 40-page plan to prevent companies from diverting money to tax havens.

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