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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV