Tax Code Changes: Industry in the Cross Hairs
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 »
Posted by Derek Hawkins
The problem for many corporations will be their foreign business model has grown and been developed over many decades based on the current tax codes. Changing them needs to be done VERY VERY carefully. Bear in Mind 60% of IBM's, GM's, GE's and many other American companies business gross is OUTSIDE the USA. Building all revenues whether Income and Tax..go hand in hand.