60 minutes this past Sunday showed a repeat about corporate tax rates. There are a lot of large corporations who have legally moved their corporate offices to Switzerland where the tax rate is 15%, but they can't bring their billions of dollars back into the U.S. without paying the 30%+ rates. So they stock pile billions over sees.
It was stated by some CEOs that if the U.S. rates were lowered they would bring about $1.2 trillion into our economy.
Everyone keeps saying we should tax corporations more, but we already tax them with the some of the highest rates in the industrialized world and it is forcing them off shore. Either close the loopholes or lower the rates.