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