Supporters say the recently approved tax law will help American multinationals compete more aggressively overseas. Others see incentives to put factories overseas.
The G.O.P. bills impose different rates on the same income based on things like organizational structure or occupation. At the losing end? Employees with paychecks.
Commercial real estate gets lower rates and new breaks in the Republican bills, and trusts that have been key financing sources do especially well.
When moving a bill at breakneck speed, one law that cannot be repealed is the law of unintended consequences, as corporate tax provisions may prove.
Advisers’ holdings are buried in layers of shell companies, creating vast opportunities for conflicts of interest while minimizing transparency.
American universities are using offshore strategies to swell their coffers, skirt taxes and obscure investments that could spark campus protests.