<p>Law Professor Makes Case for Base-Protecting Surtax</p>

Law Professor Makes Case for Base-Protecting Surtax

University of Houston Law Center

The current U.S. tax code creates earning-stripping opportunities for foreign-based multinational corporations, a problem that requires a comprehensive solution such as a base-protecting surtax on all categories of earning-stripping transactions, Bret Wells of the University of Houston Law Center said at an October 3 Senate Finance Committee hearing.

<p>The current U.S. tax code creates earning-stripping opportunities for foreign-based multinational corporations, a problem that requires a comprehensive solution such as a base-protecting surtax on all categories of earning-stripping transactions, Bret Wells of the University of Houston Law Center said at an October 3 Senate Finance Committee hearing.</p>