Congressional tax writers not finding common ground on multinationals

07/17/2013 | Bloomberg

The Republican chairman of the House Ways and Means Committee and the Democratic chairman of the Senate Finance Committee are struggling with a key issue in their attempt to rewrite the nation's tax code: what to do with multinational companies. Rep. David Camp, R-Mich., favors a tax system that is limited to domestic income and taxes few profits earned outside the U.S. Sen. Max Baucus, D-Mont., supports a system with a farther reach than Camp's proposal.

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