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Taking a Trip, Permanently

4:40 PM ET Fri, 29 Jan 2016

More and more American companies are leaving the US and shifting their legal headquarters overseas, where the tax rate is much lower than the US rate of 39%. Are these companies putting patriotism before profits, or just doing what they are supposed to do and maximizing their profits? The answer is not clear cut, but points to a broader overall issue that needs to be fixed. Aspen Institute President and CEO Walter Isaacson talks taxes, reform, and how to fix a system that is broken in many ways.