WASHINGTON — The CEO of Wal-Mart Stores Inc. and other major U.S. employers told Congress Wednesday they would be willing to give up tax breaks that benefit their companies in return for a steep drop in the country's 35 percent corporate tax rate. Companies, including big companies, pay a much lower overall effective rate by exploiting tax breaks, usually in perfectly legal ways, that in 2011 are costing the government about $102 billion in lost revenue.




Apple Needs to Make it in America
