OPINION: It’s long overdue to require large U.S. and foreign multinationals to pay at least a 15% tax on the profits they claim to shareholders, writes David Morse, tax policy director at the Coalition for a Prosperous America Education Fund.
Inflation is on everyone’s mind in Washington right now. And Congress is weighing legislation to spur the economy while reining in the federal deficit. That would certainly be a good thing.
But most insiders are betting against the passage of reconciliation legislation. And if that happens, Congress could squander a valuable opportunity to finally improve the U.S. tax code in favor of domestic U.S. companies.Technical fixes needed But...
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