The editorial “Reducing Corporate Tax Games” (Nov. 20) rightly recognizes the importance of dealing with base erosion in tax reform. The current tax code is full of loopholes that allow foreign-based companies operating in the U.S. to avoid paying taxes here on their U.S.-generated business. Meanwhile, U.S.-based companies are competing for the same business but paying full freight. This unequal tax treatment creates winners and losers and gives companies that invert to low or no tax jurisdictions (tax havens) a very real...

Source: Wall Street Journal November 26, 2017 20:37 UTC