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  Bloomberg's Repatriation Pile-On Bloomberg News waddles in with its own version of the overseas profits repatriation story previously done by "60 Minutes" and the New York Times, and with a similar tilt. The article quotes Edward D. Kleinbard, a law professor at the University of Southern California in Los Angeles: "Why should we reward firms for successfully gaming the tax system when we in turn are called on to make up the missing tax revenues?" Professor Kleinbard works for USC, which as a non--profit educational institution, doesn't pay any federal income taxes. For him to be complaining about corporate tax rates is hypocrisy, and Bloomberg doesn't call him on it or even point it out. Nor does the article mention that it is the high U.S. corporate tax rates relative to other jurisdictions that are driving this sort of behavior by companies. Bloomberg's Repatriation Pile-On Bloomberg News waddles in with its own version of the overseas profits repatriation story previously done by "60 Minutes" and the New York Times, and with a similar tilt. The article quotes Edward D. Kleinbard, a law professor at the University of Southern California in Los Angeles: "Why should we reward firms for successfully gaming the tax system when we in turn are called on to make up the missing tax revenues?" Professor Kleinbard works for USC, which as a non--profit educational institution, doesn't pay any federal income taxes. For him to be complaining about corporate tax rates is hypocrisy, and Bloomberg doesn't call him on it or even point it out. Nor does the article mention that it is the high U.S. corporate tax rates relative to other jurisdictions that are driving this sort of behavior by companies.
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