The United States has the highest corporate income tax rate among the 34 industrialized nations of the Organization of Economic Cooperation and Development, the world trade group, says a new paper from the Tax Foundation.
U.S. multinational companies that routinely allocate their profits to other countries to benefit from low-tax jurisdictions may soon need to change their tactics.
What's been keeping tax directors of large multinational corporations up at night recently? The same issue that provided millions of dollars in tax relief a few years before: transfer pricing.