Another attempt to close the loop holes in the US's byzantine corporate tax system doomed to failure. The Treasury Department says as much in the article. A fl

Another attempt to close the loop holes in the US's byzantine corporate tax system doomed to failure. The Treasury Department says as much in the article. A flat corporate rate on income earned, in the US, minus income lost, in the US, equals taxable income, done and fair. If a corporation can't compete in the US without support of its international shell games, then it probably wasn't competitive enough to matter anyways.