The number of developed countries that have a better tax
code than the U.S., according to a report released this morning by
the Tax Foundation, ranking members of the Organisation for
Economic Co-operation and Development (OECD) on a variety of tax
issues. The United States' poor showing is attributed to its
39.1 percent corporate tax rate—the highest in the developed
world—and "its poorly structured property, individual,
and capital gains and dividends taxes," the report said. Which
country ranked the highest? Keep reading.
LEGISLATIVE LANDSCAPE
Inversions Fading From Spotlight. Despite a
surge in media attention and legislative proposals from Democrats
in both the House and Senate, the momentum for congressional action
to slow corporate tax inversions appears to have burned out. Senate
Finance Committee Ranking Member Orrin Hatch told reporters last
week that Democrats' "fixation" on inversions, in
which U.S.-based companies reincorporate abroad in
