Image via Wikipedia
By Bernie Becker – With the introduction of a new bipartisan Senate bill, lawmakers and operatives pushing for a corporate tax holiday believe their idea is gaining momentum in the halls of Congress.
Supporters say temporarily allowing U.S. multinationals to bring offshore funds back to the United States at a low rate would not only inject capital into a struggling economy, but bring the necessary support on both sides of the aisle.
But some tax observers remain skeptical, noting that some in the business community feel that a holiday would distract from the larger goal of tax reform. more> http://twurl.nl/irtf3w
