More Compelling Evidence that America’s Corporate Tax System Is Pointlessly Destructive

“One solution is to engage in a lot of clever tax planning to minimize your taxable income. Though that’s probably not a successful long-term strategy since the Obama Administration is supporting a plan by European politicians to create further disadvantages for American-based companies. Another option is to somehow turn yourself into a foreign corporation. You won’t be surprised to learn that politicians have imposed punitive anti-expatriation laws to make that difficult, but the crowd in Washington hasn’t figured out how to stop cross-border mergers and acquisitions.”

http://danieljmitchell.wordpress.com/2013/08/13/more-compelling-evidence-that-americas-corporate-tax-system-is-pointlessly-destructive/

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