Excerpt: Even business sectors that would gain an advantage from President Obama’s corporate tax overhaul have given a cool reaction to his proposal. The poor reviews from groups that might be described as winners under the plan underscores the challenge the administration faces. … With the campaign moving into full swing, many on K Street say November’s election will play a big role in deciding when, or if, policymakers have a breakthrough on tax reform. “Once we get past this year, and if Obama gets reelected, I suspect he will have to come with up a real plan and not something to appease parts of his voting populace,” said Catherine Schultz, vice president of tax policy for the National Foreign Trade Council. And if a Republican takes over the Oval Office, Schultz added, corporate tax reform might be put on the back-burner as a new administration begins to take shape. “If it’s not Obama, we are going to have wait even longer for tax reform because they will have set up their government,” Schultz said.

http://thehill.com/blogs/on-the-money/domestic-taxes/212381-both-winners-and-losers-are-cool-to-obamas-corporate-tax-reform

Excerpt: The White House’s proposal to overhaul the U.S. corporate-tax code by lowering rates and limiting deductions faced immediate resistance from business groups and many Republicans, with critics alleging it favored some industries while penalizing others and failed to go far enough in cutting taxes. … Catherine Schultz, vice president for tax policy at the National Foreign Trade Council, whose members include Boeing Co., Caterpillar Inc., Pfizer Inc. and Procter & Gamble Co., said, “This is not real tax reform but tinkering around the edges.”http://online.wsj.com/article_email/SB10001424052970203918304577239201669890634-lMyQjAxMTAyMDIwMjEyNDIyWj.html?mod=wsj_share_email

Excerpt: President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult. … Multinational corporations have been urging Congress to adopt a territorial system because they say it would let them compete in growing foreign markets without a residual home- country tax that other companies don’t face. “How do you go from a territorial system on the Camp side to the worldwide and figure out a way to meet in the middle?” asked Catherine Schultz, vice president for tax policy at the National Foreign Trade Council, which advocates an open world economy.http://www.businessweek.com/news/2012-02-23/gulf-on-foreign-profits-tax-threatens-deal-on-corporate-rate-cut.html

Excerpt: To most global consumers, the iPad is practically synonymous with American electronics titan Apple. But one debt-ridden company in China, Proview, is alleging that it is the rightful owner of the trademark for the name of one of Apple’s signature devices. The claim has resulted in government officials yanking the tablet from store shelves in some Chinese cities, despite high demand for the product. … Bill Reinsch, president of the National Foreign Trade Council, said that when U.S. companies do business abroad, they want a sense that the host government has a transparent way of resolving commercial disputes. “They don’t have to win every time, but they want to know they have a fighting chance,” Reinsch said, adding that “they don’t have that in China.”http://www.washingtonpost.com/business/economy/ipad-trademark-dispute-shows-troubles-of-doing-business-in-china/2012/02/21/gIQAFehhTR_story.html