Something, however, really needs to be done!
An article from the Financial Times this morning claims that "up to 25 more U.S. companies are considering relocating overseas to cut their tax bills." The argument is that this number is growing almost every day, as corporations believe that there is very little chance that the laws will be changed, so the time is ripe for further movements.
Corporations also seem to disregard the idea that the issue will have much impact on the elections this fall. The argument here is that voters do not see this as such a major issue because the companies that are impacted tend to be more "white collar," like pharmaceutical firms, not "blue collar," like car manufacturing firms.
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