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Report: U.S. companies keeping $166 billion in offshore tax shelters
US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes, The Wall Street Journal reported Monday. The business newspaper said its analysis of 60 big American companies had found that they had collectively parked a total of $166…
Obama to pitch lower corporate tax
WASHINGTON (Reuters) – President Barack Obama, who has angered businesses with his plans to close corporate tax loopholes, is expected to call for cutting the top 35 percent corporate tax rate as early as this month, according to two sources close to the administration. The president is likely to propose…
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Commentary
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