Consensus Grows to Slash the Tax on Foreign Profits

The next president may have a rare opportunity to close tax loopholes that have let American corporations stash more than $2 trillion in untaxed profits outside the United States.

This enormous hoard of stranded cash has barely been an issue in the contentious election campaign of 2016, and precise predictions of deals that could be made in Washington are foolhardy until the nation goes to the polls.