All posts tagged "Corporate Tax Loopholes"

By Patrick Temple-West

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.

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.