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Stephen Mihm

Fix Corporate Taxes? Good Luck With That.

Efforts to reform the system have only made it more Byzantine.
Are we there yet?

Are we there yet?

Photographer: Michael Urban/AFP/Getty Images

Perhaps the only consensus in U.S. politics is that the Byzantine and loophole-riddled corporate tax code needs reform. Hillary Clinton wants to curb the ability of companies to use overseas subsidiaries to shield profits from taxes, and such tax-avoidance strategies have been denounced by other candidates in the 2016 presidential election, including Donald Trump, Bernie Sanders and Jeb Bush, as well as by President Barack Obama.

QuickTake Tax Inversion