Friday, April 26, 2013

US firms looking for an end to taxes on foreign income are probably going to be hanging fot years.

Only in Washington would retirement be a sign of tax reform progress :
American companies that—like Apple—would dearly love to see an overhaul of the tax code might have taken heart at today’s news that Max Baucus, the Democratic chairman of the powerful Senate finance committee, will retire at the end of his term. Without dread politics holding him back, Baucus could, in theory, lead an effort to create the bipartisan tax overhaul that businesses in the US are crying out for.