Saturday, May 7, 2011

Plans for Slashing Corporate Taxes Worry Some Firms

Saturday, May 7, 2011

Obama administration officials are preparing a business-tax overhaul that would cut corporate rates significantly. But even before it's rolled out, some possible elements of the plan are stirring concern among companies that could see their taxes rise, notably some big businesses that are currently taxed as small ones.

It's an early sign of the complications that lie ahead as President Barack Obama and lawmakers seek broad changes in business taxes at a time of deep deficits. They are aiming to make the convoluted tax system more competitive, but can't afford to reduce the overall take. That could mean pain for ...

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