U.S. Treasury Secretary Timothy F. Geithner said today that the tax code shouldn't be pushing investment to other countries.
Geithner, speaking at an event in Washington, said: “We are going to take a look at whether we can find a political support for a reform of the corporate tax code that would lower rates by broadening the base but not lose revenue on net.”
He added: “What we want to do is to make sure that we’re strengthening the relative incentives for investing in the United States versus shifting investment outside the United States. We don’t the tax code creating incentives to shift investment outside the United States.”