Would a corporate "buffet rule" solve this? Let companies do whatever shenanigans they want, but if they operate in the US and earn > $1 billion they can't owe less than 15%?
It would pretty much hand overseas corporations the US market given the fun of "licensing fees" paid to a parent company overseas. See Monster Cable for a great example. I also believe the Japanese and German car makers pull this one.
The "Buffet Rule" is a pretty good acknowledgement that our tax system is way too complicated, will end up like the problems the AMT is causing, and shows how broken the the discussion is on the news of "amount" and "rate".
The "Buffet Rule" is a pretty good acknowledgement that our tax system is way too complicated, will end up like the problems the AMT is causing, and shows how broken the the discussion is on the news of "amount" and "rate".