U.S. business doubts Kerry corporate tax plan


By Anna Driver NEW YORK, March 26 (Reuters) - A plan by Democratic presidential candidate John Kerry to deter American companies from shifting jobs overseas through corporate tax changes got a cool reception from business leaders on Friday. Kerry said his proposed five percentage point cut in the U.S. corporate tax rate, which would be paid for by eliminating U.S. companies' ability to avoid paying taxes on foreign income, would help create 10 million jobs in four years. But major ...

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