Corporations that do business overseas—which frequently involves gifts, baksheesh, and other kinds of behind-the-scenes favors—are wondering just how strictly anti-bribery rules will be enforced.
That common Republican talking point--that at 35 percent, the U.S. has one of the world's highest corporate tax rates--doesn't reflect the 18.5 percent effective tax rate that a new study from Citizens for Tax Justice found that they actually pay.
Nokia's hot new smart phone, the Lumia, is a little hotter than the corporation's South American marketers probably desired: It trasnlates to "prostitute" in Spanish.
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