Rampant tax avoidance by global banks and multinational corporations keep happening. Corporate taxation and specifically taxation of global transactions is now becoming the number one political issue in the United States this fall. It’s not just corporate inversions but a range of tax strategies and deductions that are being eyed by the general public and politicians as something that need to be addressed immediately. I agree. If the Congress doesn’t act the President should. I also agree. The Treasury Department has great responsibility in interpreting existing legislative enactments and issuing and revising its regulations.
“The Tax Dodge Goes On.” New York Times (August 7, 2014).
“Tax Trouble.” New York Times (August 7, 2014).