Tax
Jun. 9, 2010
Incrementalism and International Tax Reform: We Can't Get There From Here
Kent Wisner examines the Obama administration's agenda to reform U.S. tax laws that apply to international business.
Kent Wisner
With a personal political commitment not seen since John F. Kennedy in 1961, on May 4, 2009, President Barack Obama stated his desire for sweeping reform of the U.S. tax laws that apply to international business. The voice of reform is inspired by two fundamental beliefs: that domestic businesses are disadvantaged in the current system, and that additional tax revenues are needed. But the reform effort met strong opposition, with companies such as GE, Intel, IBM, Microsoft and Merck joinin...
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