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Point taken.  I have read contradictory reports on this - on the one hand that US Governments are taxed on their oversees earnings - but then it hardly makes them to locate in "low tax" locations if they are going to be taxed on the difference anyway.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 11th, 2011 at 12:23:01 PM EST
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US individuals are taxed on their overseas earnings, which is somewhat unusual. I think this is what you refer to.

AFAIK, there is nothing particularly unusual about the American stance on corporate taxes (except that it may be slightly more offshoring-friendly than in the rest of the OECD).

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Feb 16th, 2011 at 11:50:52 AM EST
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