Marc Gerson is quoted on the impact of the proposed Rangel tax reforms on U.S. corporations doing business overseas in the article "Corporations Weighing Impact of Rangel's Tax Proposal." In a related Miller & Chevalier International Tax alert, "Rangel Bill Proposes Sweeping Changes To Taxation Of U.S.-Based Multinationals," our attorneys analyze the wide-reaching impact of the proposed Rangel tax reforms on U.S. corporations doing business overseas. These proposals would fundamentally change the U.S. taxation of U.S.-based multinational corporations by increasing the marginal U.S. tax cost (on a cash and GAAP basis) associated with expanding and maintaining foreign operations.