Gulf on Foreign Profits Tax Threatens Deal on Corporate Rate Cut

President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult.

Multinational firms placing less importance on China -survey

Dec 7 (Reuters) - Multinational companies operating in China are placing less importance on the world's second-biggest economy amid rising local competition and concern over intellectual property (IP) rights, a survey showed on Wednesday.