Friday, February 1, 2013

How 'territorial' taxing of US foreign profit might work




This issue is on the table in Washington (and all over the world).  Lobbysts and "paid" media are working hard to protect their CFC "tax evasion scam" to the US taxpayers and which is largely responsible for the economic problems of the US! This article is one example. mj

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How 'territorial' taxing of US foreign profit might work:
'via Blog this'
By Kevin Drawbaugh
Jan 31 (Reuters) - Many large corporations want the U.S. government to adopt a "territorial system" that would exempt their active overseas corporate profits from U.S. taxes, in whole or in part.