As we stare into the economic double dip abyss, there are still some low hanging fruit to be picked by policy makers to aid the economy and business. With changes to the tax laws focused on increasing receipts to pay for spending, tax cuts seem to be out of favor. However, I think it would be a great time to discuss a cut in foreign tax earnings for US companies.

Under current law, US companies are subject to US tax on foreign earnings when distributed to the US unit as a dividend. Given lower tax rates in some countries abroad, … …READ MORE