The Morning Ledger: Companies Weigh Last-Minute Tax Strategies as Bill Clears Senate - btbirkett@gmail.com - Gmail

The Morning Ledger: Companies Weigh Last-Minute Tax Strategies as Bill Clears Senate - btbirkett@gmail.com - Gmail



according to Joachim Lang, managing director of the German industry association BDI. "The U.S. legislative package, with improved depreciation and tightening regulations, provides significant incentives for international companies to relocate corporate functions and investments to the U.S.," Mr. Lang said in a statement. A lowered corporate tax rate of 21% is "well below" the 25% that companies on average pay in other developed countries, Mr. Lang said. The drop in the corporate tax rate heightens international tax competition, he added.