American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations’ to halt firms from switching their legal address to cut obligations. The U.S. corporate tax rate of 35...
A nonpartisan congressional research panel said the U.S. would receive an additional $19.46 billion over a decade if most new tax inversions were essentially halted with proposed changes to the tax code.
When Congress passes tax laws, it rarely pays any attention to the effects they will have on state tax revenues. But changes in federal tax rules often can have greater ramifications on state revenues than law changes passed by states themselves.
For corporate Japan, burdened by one of the industrialised world's steepest tax rates, a tax cut at the centre of Prime Minister Shinzo Abe's latest growth strategy will end up giving with one hand - and taking back with the other.