America's Tax Code Forces Companies Overseas

America's Tax Code Forces Companies Overseas
AP Photo/Yuri Kageyama

In business, it all comes down to your return on investment (ROI). Decisions are made based on what is best for the company's bottom line. Unfortunately, America's current tax code is telling companies they will get a better ROI by investing their resources in another country.

First, within the United States, we don't have a level playing field across all industries. I led two Fortune 500 companies. One of them, Dollar General, today pays an effective tax rate of 37 percent. The other, Reebok, pays an effective rate of 19 percent. This is not because of loopholes exploited by these businesses. It is an amalgamation of 100 years of Washington toying with the tax code to incentivize certain industries without ever revisiting whether these incentives actually accomplished their intended goal, or were still relevant.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles