One of the more encouraging moments in President Obama’s State of the Union address was his call for corporate tax reform. The last time the U.S. updated its tax code was in 1986. The tax structure in the United States is quite complex and puts companies in the U.S. at a significant global disadvantage. The tax code’s complexity has resulted in huge compliance costs for big and small businesses alike rather than bottom lines and job creation. What’s worse is that companies are moving their headquarters offshore to circumvent America’s anti-competitive 35% corporate tax rate. According to research by Thomson … Continue reading Will President Obama’s State of the Union Address Jumpstart to Corporate Tax Reform?