Minimum Tax on Foreign Profits: Good Idea

In his 2012 State of the Union Address, the President re-iterated his pledge to reform the corporate tax by lowering the rate and broadening the base. One of his proposals to help pay for the rate reduction is a minimum tax on foreign profits...

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This proposal would not level the playing field between domestic and foreign investment by U.S. multinationals as would a repeal of deferral (discussed by my colleague Bob Goulder), but it would get rid of the largest (and therefore most economically damaging) incentives to shift jobs and profits offshore...

View TaxAnalysts'® Martin Sullivan's opinion in its entirety on TAX.com.

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