This detailed analysis prepared by PricewaterhouseCoopers for the Technology CEO Council documents a pronounced shift over the past 40 years toward use of territorial tax systems among the advanced economies that are members of the Organization for Economic Cooperation and Development (OECD.)

Just a decade ago, most of the world's largest companies were located in countries with worldwide tax systems. Today most of the competitors of US companies from OECD countries are headquartered in territorial tax countries. These companies account for the majority of the sales of the companies on the Forbes 500 list and the majority of outbound foreign direct investment in the OECD. Today, over 90 percent of the OECD-based companies on the Forbes 500 list with which US companies compete are headquartered in territorial tax countries.

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WASHINGTON -- The chief executives of Dell Inc., Intel Corp., IBM Corp. and six other leading high-tech companies warned Tuesday that inaction on the so-called fiscal cliff is unacceptable and urgedPresident Obama and Congress to work together to solve the problem and "implement a pro-growth framework."

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Vietnam and the United States Tuesday said that the two countries will continue to boost cooperation in several areas, including trade and investment, education and in dealing with the legacy of war in Vietnam.

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As the country grinds through the long run-up to a national election staked on job creation and the economy perhaps more than any other issue, a new study from the Technology CEO Council (TCC) concludes that the companies that best leverage information technology will account for the lion's share of new jobs and propel the next wave of economic growth.

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Small businesses that heavily use technology, from back-end software to social-media websites, are highly successful job creators, according to a research report released Wednesday from the Technology CEO Council.

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The U.S. Congress cleared free-trade agreements with South Korea, Colombia and Panama, bringing an end to years of stalemate and offering what supporters said was the biggest opportunity for exporters in decades.
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President Barack Obama sent Congress legislation for free-trade agreements with South Korea, Colombia and Panama, ending a wait for business supporters that spanned more than four years and two presidencies.

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In 1980, when I came to the United States to study, this was the only land of opportunity for skilled immigrants like me.
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The policy conversation regarding jobs and economic development is starting to show some promising signs, particularly in helping young companies flourish.
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A group of lawmakers are looking to reform U.S. immigration law to make it easier for foreign entrepreneurs to remain in the country if their start-ups are attracting investment and creating jobs.
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The most important issue now pending between the governments of the Republic of Korea and the United States is to ratify and implement the South Korea-U.S. Free Trade Agreement without further delay.
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There was some agreement on the congressional "supercommittee" Thursday that the deficit-reduction package should include some kind of tax reform — especially on corporate taxes.
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Calling it a jump-start for the economy and a boon for jobs, President Barack Obama signed into law on Friday a bill that overhauls the nation’s patent system for the first time in nearly six decades.
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The patent reform bill the Senate will likely vote on later this week isn't exactly an overhaul.
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Right now, there are three pending export agreements negotiated by the White House that could create and support thousands of jobs.
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One important action Congress should take when it returns in September is to pass a package of free-trade agreements that will generate thousands of jobs in Florida and elsewhere.
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Nations don’t compete with one another the way companies do. Pepsi’s gain is almost always Coca-Cola’s loss, but the same doesn’t always, or even often, hold true for national economies.
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As the economy continues to sputter, many policymakers are looking to entrepreneurs to create new jobs.
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Apple has a cash problem. It’s not just that Apple has too much cash, $76 billion as of June 30.
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In November 2006, the United States signed a free-trade agreement with Colombia, paving the way for better access to millions of consumers there.
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From Sergey Brin to Liz Claiborne, immigrant entrepreneurs have long been credited with creating some of the most storied U.S. brands and companies.
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Three long-delayed trade deals with South Korea, Panama and Columbia are moving closer to a vote after the Senate’s leaders announced that they had reached an agreement to bring the pacts up for consideration when Congress returns from recess in September.
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The United States’ chief technology officer, Aneesh Chopra, and U.S. Citizenship and Immigration Services Director Alejandro Mayorkas asked during a May 23 meeting with academics, executives and lawyers at Stanford Law School what the government could do to help Silicon Valley.
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In its quest to spur job growth and jump-start the economy, Washington is reaching out to foreign entrepreneurs.
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A group of U.S. senators pledged Tuesday to open up the country's borders to high-skill immigrants, with lawmakers arguing that the U.S. is turning away some of the world's smartest people.
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Trade Representative Ron Kirk said on Tuesday he was optimistic a deal could be struck with Republicans clearing the way for Congress to pass free trade pacts with South Korea, Colombia and Panama after lawmakers return in September from a month-long recess.
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The Senate Judiciary Committee's Immigration subpanel will take up the issue of highly skilled immigration on Tuesday at a hearing featuring representatives from the tech industry, academia and a group representing highly skilled immigrants.
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As the debt-limit debate dominates the political landscape,U.S. Trade Representative Ron Kirk said Wednesday that work is ongoing on three pending free-trade agreements and a worker-aid program.
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White House Chief of Staff William Daley said the Obama administration may send Congress a bill for a South Korea free-trade agreement that includes worker aid “very soon” unless lawmakers present an alternative for renewing the expired program.
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U.S. Trade Representative Ron Kirk said on Tuesday he was optimistic Congress would approve three long-delayed free trade agreements with South Korea, Colombia and Panama by August.
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President Barack Obama on Monday said he won't support a short-term deficit-cutting deal and continued to press for a more ambitious agreement involving taxes after a Sunday evening summit with congressional leaders failed to produce a deal.
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President Barack Obama appears headed toward a fight with Republicans over a long-delayed trade deal with U.S. ally South Korea, even though both sides say they want it to pass Congress.
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Sen. Orrin Hatch, the top Republican on the Senate Finance Committee confirmed Tuesday that lawmakers and the White House have landed a deal to renew Trade Adjustment Assistance and begin work on pending free trade agreements this week.
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The White House struck a deal with House Republicans Tuesday to reinstate benefits for workers who lose jobs to foreign competition, addressing a major obstacle to consideration of three free trade agreements with South Korea, Colombia and Panama.
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President Obama and key lawmakers plan to announce this week an agreement to revive trade-adjustment assistance for unemployed workers who have lost their jobs because of overseas trade, according to several sources.
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Spending on information technology by companies and governments in the U.S. will grow 5.6 percent in 2011, according to a survey by International Data Corp., about double the estimated increase for gross domestic product.
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Talks with Congress on restoring benefits for trade-related job losses have progressed enough for lawmakers to begin informal debate toward passing trade agreements with South Korea, Colombia and Panama, U.S. Trade Representative Ron Kirk said Monday.
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Last week’s Postdoc Conference and Career Fair for science and technology researchers had all the staples common at a recruiting event.
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The Obama administration and congressional leaders are nearing consensus on three pending trade agreements and the renewal of support for workers who have been displaced by global trade, ending a standoff that some feared would put U.S. exports at risk, said business, administration and congressional officials close to the discussions.
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The House of Representatives could vote on long-delayed free trade agreements with South Korea, Colombia and Panama in July, a Republican lawmaker said on Tuesday.
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If “patent reform” was an answer posed to IBM’s Watson computer during its recent competition on Jeopardy!, the system may have responded with, “What is legislation that will support jobs and economic growth, without costing taxpayers a cent?”
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Colombia has completed its next batch of requirements to improve its labor laws as part of an agreement to move forward on a trade deal with the United States, trade officials said Monday.
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Highly skilled temporary and permanent immigrants in the United States now outnumber lower-skilled ones,marking a dramatic shift in the foreign-born workforce that could have profound political and economic implications in the national debate over immigration.
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A Senate committee backed giving U.S. communications regulators authority to auction some airwaves currently used by broadcast television and to shift their use to mobile broadband.
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James A. Baker III knows something about running a White House in the midst of a grueling recession, with voters on the verge of casting a thumbs up or down on the boss's second term.
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Blair Levin, former executive director of the FCC's National Broadband Plan, says that it has been a "pretty good year" for the plan.
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US Secretary of State Hillary Clinton said Tuesday she is "absolutely sure" that the US Congress will pass a long-delayed US-Colombia free trade agreement.
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Debate heated up Wednesday over demands by congressional Democrats and the Obama administration to reach an agreement on an aid program that helps U.S. workers displaced by trade before moving ahead with three pending free-trade agreements.
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The United States continues to lag behind other countries in broadband adoption and download speeds, according to a report released by the Federal Communications Commission on Friday.
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The United States and eight other Asia Pacific countries agreed on Thursday to strive for the "broad outlines" of a free trade pact by the time President Barack Obama hosts a regional summit in Hawaii in November.
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The Obama administration said on Monday that it would not seek Congressional approval of free trade agreements with Colombia, Panama and South Korea until Republicans agree to expand assistance for American workers who might lose jobs as a result.
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House Speaker John Boehner (R., Ohio) said that all deductions--including federal subsidies paid to the largest oil companies--should be on the table as part of a drive to overhaul the corporate tax code.
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A top senator said on Wednesday he expected Congress to soon pass a free trade agreement with Colombia despite the continued strong opposition of the largest U.S. labor group.
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The United States and China on Tuesday pledged to deepen their cooperation on economic and military matters, setting aside a year of tension over issues such as arms sales to Taiwan and the value of China’s currency with what officials referred to as a “milestone” agreement.
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America’s massive trade deficit with China, currency rates and human rights concerns will all be on the agenda when top officials from the United States and China sit down for high-level talks this week.
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The Obama administration is quietly gearing up for a high-profile launch in May or June on what may turn out to be the most heavily lobbied issue of the year: corporate tax reform.
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The Obama administration is making progress toward conclusion of free trade agreements with South Korea, Colombia and Panama, and hatching a strategy on how to sell them, officials said Tuesday.
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Chapter II of Washington’s great budget debate is “put up or shut up” time for the U.S. Senate.
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Panamanian President Ricardo Martinelli said Friday he doesn't expect the free-trade deal to have any trouble getting through the U.S. Congress, with a vote expected within the next few months.
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US Commerce Secretary Gary Locke said Thursday a contentious free trade accord with South Korea was a "win-win" deal for both countries and would strengthen their companies against global competitors.
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In a speech last week to Facebook employees, President Obama discussed the role immigrant entrepreneurs play in U.S. economic competitiveness. In a speech last week to Facebook employees, President Obama discussed the role immigrant entrepreneurs play in U.S. economic competitiveness. 
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House lawmakers are confident that Colombia will quickly complete a checklist of labor-related issues so Congress can move forward with consideration of all three pending free-trade agreements. 
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The House Judiciary Committee approved its version of legislation aimed at overhauling the nation’s patent system on Thursday, after hours of voting on amendments.
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Economists estimate that the free-trade pact with Colombia, which received White House endorsement on Apr. 7 and awaits approval from Congress, could boost U.S. gross domestic product by $2.5 billion a year. 
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President Barack Obama vowed to cut $4 trillion in cumulative deficits within 12 years through a combination of spending cuts and tax increases, setting the stage for a fight with congressional Republicans over the nation’s priorities.
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Panamanian lawmakers approved a tax information exchange agreement with the United States on Wednesday that could help win U.S. approval for a long-stalled bilateral trade agreement.
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President Obama this week will lay out a broad plan to reduce the nation’s soaring deficit and debt, going further than he has before to scale back costly entitlement programs such as Medicare and other social programs.
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A new U.S. deal with Colombia to address longstanding labor concerns should clear the way for Congress to pass three long-stalled free trade agreements by July, industry officials said on Friday.
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Colombia agreed to rework labor laws and crack down on violence against union organizers in a deal with the Obama administration, clearing the way for a free-trade agreement to be considered by Congress.
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The U.S.-Colombia Free Trade Agreement is not a partisan political issue. It is an accord in our national economic and foreign policy interests.
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House lawmakers this week took up a patent-reform bill that shifts the process to a first-to-file system and would allow the patent office to retain fees from filers.
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Democratic Representative Sander Levin urged President Barack Obama to send a pending free-trade agreement with South Korea to Congress “immediately,” and not wait for accords with Colombia and Panama.
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As technology companies' soaring valuations draw comparisons to the dot-com days, a new analysis highlights another similarity: The number of tech workers in San Francisco today is nearing its peak in 2000.
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The U.S. is still hopeful that a deal can be reached with Colombia ensuring the enforcement of labor rights following another round of trade talks over the weekend, a senior official said Wednesday.
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Intel is pressing the House to join the Senate in passing patent reform legislation this Congress, according to the chip giant's chief lobbyist.
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The U.S. and Brazil signed a trade and economic cooperation agreement to boost commerce between the Western Hemisphere’s largest economies as President Barack Obama arrived for his first visit to South America.
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A New Zealand entrepreneur seemed to have everything lined up for the start of his social networking venture in the United States.
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The chairman of the tax-writing U.S. House Ways and Means Committee wants to lower the top individual and corporate tax rates to 25 percent from 35 percent, his spokeswoman said.
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House Speaker John Boehner said in a recent interview that he believes an overhaul of the corporate tax code can be completed this year.
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Sens. John Kerry (D., Mass.) and Richard Lugar (R., Ind.) this week reintroduced a bill that seeks to ease immigration for foreign entrepreneurs with added provisions for some current visa holders and foreign business owners with a U.S. market presence.
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The politics of free trade have never been easy for President Obama — and they appear to be getting harder.
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There has been little to be optimistic about on the immigration reform front, of late.
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Two senior senators on Thursday urged President Barack Obama's administration to begin immediately technical work on legislation to enact long-delayed trade pacts with Colombia and Panama.
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While the fate of the first patent reform in 60 years rests with Congress, the changes proposed in legislation would cause the Patent and Trademark Office to undergo a makeover.
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The White House will examine ways to reorganize federal trade and export agencies and report recommendations to President Barack Obama within 90 days, officials said Thursday.
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The U.S. Senate voted overwhelmingly to overhaul U.S. patent laws, backing a measure aimed at chipping away at a huge backlog of patent applications and offering cheaper alternatives to litigation.
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The Obama administration is hoping to win quick approval for its new free-trade pact with South Korea, but that deal may be held up by two trade agreements with Colombia and Panama that the White House says aren't ready yet.
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