The Global Race to the Bottom in Corporate Taxes

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

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'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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