Remove GAAP Remove Incentives Remove Intangible Assets Remove Offshoring
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The U.S. Corporate Tax Code Is Broken. How Should We Fix It?

Harvard Business Review

It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere." is alone in using a worldwide system, our corporations have an incentive to leave. I think the perverse incentives of the current system, and the behaviors they give rise to, are a significant problem for Americans.