Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
In an awful, but not unexpected, ruling on a long-standing dispute between Europe and the US, the World Trade Organization says that the US must stop permitting US exporters to set up foreign subsidiaries that save as much as 30 percent in taxes they would otherwise pay. Now the US must either raise taxes by eliminating loopholes or face massive