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Global Crackdown on Corporate Taxes Will Hurt U.S. Stocks
As governments get more aggressive about curbing sweetheart deals that allow many U.S. companies to drastically lower their corporate taxes, it will take a big bite out of their profits - and that's bad news for stocks.
The European Commission is currently investigating the corporate tax avoidance strategies of Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), and Starbucks Corp. (Nasdaq: SBUX). But those three companies are only the trickle before the flood.
Make no mistake: this train is headed straight for Wall Street…
As governments get more aggressive about curbing sweetheart deals that allow many U.S. companies to drastically lower their corporate taxes, it will take a big bite out of their profits - and that's bad news for stocks.
The European Commission is currently investigating the corporate tax avoidance strategies of Amazon.com Inc. (Nasdaq: AMZN), Apple Inc. (Nasdaq: AAPL), and Starbucks Corp. (Nasdaq: SBUX). But those three companies are only the trickle before the flood.
Make no mistake: this train is headed straight for Wall Street…