On 11/2, a draft version from Congress' Ways and Means Committee to make significant changes to the U.S. tax system. Here's our take:
Our tax code is clearly in need of a serious overhaul, but, to me, this falls short of a serious effort.
There is broad agreement that we need to level the playing field on corporate taxes. Currently corporate tax loopholes allow companies to stash money offshore, meaning that bigger businesses have distinct advantages over their smaller wholly domestic competitors.
But this legislation as drafted would not end this practice and continue to reward