<p>Don’t Gamble With Territorial Tax System, Harvard Professor Says</p>

Don’t Gamble With Territorial Tax System, Harvard Professor Says

Harvard Law School

At an October 3 Senate Finance Committee hearing on international tax reform, Stephen E. Shay of Harvard Law School recommended that Congress tax foreign business income broadly, allow a foreign income tax credit, and not “gamble with a territorial system with weak protections.”

<p>At an October 3 Senate Finance Committee hearing on international tax reform, Stephen E. Shay of Harvard Law School recommended that Congress tax foreign business income broadly, allow a foreign income tax credit, and not “gamble with a territorial system with weak protections.”</p>