Tax Code Changes: Industry in the Cross Hairs

Congressional Quarterly by Joseph J. Schatz | Apr. 14, 2009 (News Analysis)

Energized by a global summit meeting two weeks ago where world leaders called for a crackdown on abusive tax havens, Congress seems likely this year to debate significant elements of the federal income tax code as it affects corporations. But it’s not likely to be the debate those companies had been hoping for. Full Story »

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Patricia L'Herrou
4.1
 by Patricia L'Herrou - Apr. 14, 2009

the article explains fairly well the various possible changes for taxes on companies doing business overseas, which may happen this year. the choices apparently are quite complex, with trade-offs involving competiltiveness, and, which results will not be clear in advance, making congress' choices much more difficult.

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