How does the tax system affect US competitiveness? Q.How does the tax system affect US competitiveness? A. The international tax policies that best encourage firms to invest in the United States are not necessarily the policies that best help US multinational companies compete with foreign-based multinationals. Policymakers face a trade-off among goals. Read more about How does the tax system affect US competitiveness?
What are inversions, and why do they happen? Q.What are inversions, and why do they happen? A.An inversion is a transaction in which a US-based multinational company merges with a smaller foreign company and then establishes a foreign residence. As a foreign resident, the company can significantly reduce its taxes without changing the location of any real business activities. Read more about What are inversions, and why do they happen?
What is a tax shelter? Q.What is a tax shelter? A.Tax shelters are ways individuals and corporations reduce their tax liability. Shelters range from employer-sponsored 401(k) programs to overseas bank accounts. Read more about What is a tax shelter?
