High US tax rate leads to foreign takeover of US business, says Business Roundtable

The Business Roundtable, an association of US company CEOs, on March 11 released a PWC report it commissioned which concludes that the US’s high tax rate coupled with its worldwide system of taxation disadvantages US businesses in the global cross-border mergers and acquisitions market, leading to foreign takeover of US businesses.

See:

• Report

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• US Senator slams Business Roundtable members’ use of tax havens, identifies companies that pay little tax