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Republicans To Discuss Corporate Tax Avoidance

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Reuters has reported that President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries .Congressional and administration staff have begun to examine options to address profit-shifting schemes that include so-called transfer pricing, earnings stripping and tax inversions. Officials and lobbyists said that a decision on how to handle these in tax legislation could come before Congress leaves town for its one-week July 4th recess on June 29th.Lawmakers say the current tax code incentivizes profit shifting overseas because of the high 35 percent U.S. corporate income tax rate and rules that allow companies to hold profits abroad tax free until returned to U.S. soil.http://feeds.reuters.com/~r/reuters/t...http://www.wochit.comThis video was produced by YT Wochit Vote It using http://wochit.com

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lay a bad trip on lay at one's door lay to let one have it lower the boom pass the buck point the finger rap rebuke reprehend reproach roast skin stick it to upbraid Herculean task accountability affliction albatross anxiety ball and chain care clog concern deadweight difficulty encumbrance excess baggage grievance hardship hindrance millstone misfortune mishap obstruction punishment responsibility sorrow thorn in one's side trial trouble weary load work worry afflict bear down on bother crush depress dish it out dish out dump on encumber give it to hamper handicap hinder impede make heavy obligate overcharge overload overwhelm pile press saddle with snow snow under vex weigh down accuse assessment burden Tax taxes Taxes theft stealing government bullshit gay hell death irs restraint evasion dodge recession flight departure parry delay recoil retreat escape escapism elusion shirking shunning dodging absention eschewal coming stay abstaining abstinence avoidance non-indulgence 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