Politicians are hopping mad because a spate of big U.S. companies are trying to escape higher tax bills by proposing mergers with foreign firms.
But the real problem, most agree, is the corporate tax code, which hasn’t kept pace with the transformation of global business over the past 30 years.
Some people think next year might be the year when Congress finally reworks how companies are taxed.
A wonk can dream.
In the meantime, there will be plenty of rhetoric about the issue. Here are 7 key facts to help you keep things straight.
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