US to opt out of G20 uniform corporate tax rate

Well, there I was, just thrilled to learn that the G20 had come up with a good idea. Pretty much a first for that august organization!

That in itself is a novelty worth celebrating. If the multinationals face the same tax rate in every country, there's no reason for them to relocate to avoid taxes.

But there is always a fly in the ointment. There is always a party pooper.

Note about six paragraphs from the end we have an anonymous observer claiming that the US does not "share the enthusiasm" of the Europeans for a uniform tax rate.

That's the end of that.

Mitt Romney can breathe easy.