U.S. and foreign tax rules increasingly influence where multinational companies are reporting their income is being earned, according to a new report that may influence tax legislation in Congress.

The rules also influence company decision about how many workers to employ and how much to invest in particular activities and locations, according to a report from the Government Accountability Office. The GAO found that the number of foreign operations of U.S. companies has been increasing, with the largest companies often paying the lowest effective tax rates and more income being reported in lower tax rate jurisdictions outside the U.S.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access