Rep. Levin: Corporate Taxes Should Be Lowered, But Fairly

The transcript discusses the challenges Congress faces in reforming tax laws to address corporate tax avoidance, particularly through inversions and transfer pricing. It highlights the role of international agreements, such as those involving Apple and Ireland, and the need for fair tax reform. The discussion emphasizes the importance of bipartisan efforts to create a tax system where multinationals pay their fair share, criticizing the current system's loopholes and the lack of action from certain political parties.

What concerns are raised about retroactive taxation of companies?

How does the speaker propose to address the issue of corporate inversions?

What does the speaker suggest is necessary for fair taxation?