Handelsblatt Global Edition Magazine - - Front Page -

The U.S. and Eu­ro­pe ge­ne­ral­ly agree that cor­po­ra­te tax avo­idance prac­tices are un­fair and need to be rei­ned in.

The two si­des dif­fer shar­ply on whe­re the tax is owed, as ma­ny mul­ti­na­tio­nals fun­nel their glo­bal pro­fits through Eu­ro­pe.

U.S. cor­po­ra­ti­ons park $2.4 tril­li­on in pro­fits over­seas, de­pri­ving the U.S. Tre­a­su­ry of clo­se to $700 bil­li­on in ta­xes.

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