Trump Faces Obstacles in Bid To Shake Up Corporate America

Donald Trump's railing about what's wrong in corporate America goes further than the typical political populism: He vows to rewrite trade deals, tax imports and punish U.S. companies. And he's naming names.

He is blasting Ford for beefing up operations abroad. He's refusing to eat Oreo cookies that may soon be made in Mexico and is vowing to get Apple to make iPhones in the U.S.

"You know, our companies are leaving our country rapidly," the GOP front-runner said in Palm Beach, Florida, after winning the state's Republican primary on Tuesday. "And frankly, I'm disgusted."

Politicians and others have long laid into U.S. companies for shifting headquarters and production abroad and for stockpiling cash in foreign subsidiaries. But changing some of the trade and taxes rules behind such corporate moves are beyond the authority of the president and, experts say, are not so easy to do -- at least not without big consequences.

Here's a look at Trump's statements on what's ailing big U.S. companies, and his proposed fixes:

Moving Headquarters Abroad

Trump vowed after his Super Tuesday victories, "we're not going to be losing our companies," if he becomes president. He criticized politicians for not fixing a tax code that he says drives companies abroad and mentioned drugmaker Pfizer, which plans to move its headquarters to Ireland after merging with Allergan, a company based there.

Pfizer's plan is known as a "tax inversion," a maneuver that allows a company to change its tax jurisdiction to a country where rates are lower. U.S.-based companies claim they are at a disadvantage because the U.S. taxes their profits made both in America and in other countries. By contrast, companies based elsewhere generally pay taxes only on profits made in each country where they operate.

Trump has proposed lowering the nominal top corporate rate in the U.S. to 15 percent from...

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