Controversy over tax maneuver might help spur reforms, professor says
Friday, August 15, 2014 - 06:00
in Mathematics & Economics
In recent years, a number of U.S.-based corporations with significant international holdings have shifted their headquarters overseas in an attempt to lower their tax bills. At 35 percent, the U.S. nominal corporate tax rate is highest among member nations in the Organization for Economic Cooperation and Development (OECD).