;#Faculty News;# | Reuters | 14
Fight brewing over U.S. offshore profit taxation
Re: C. Fritz Foley
"I'm a proponent of a territorial system," said Harvard Business School Professor Fritz Foley, citing his concern about other nations, including Japan and Britain, embracing it. "Having said that, any move to territorial needs to be ... thought through quite carefully," he said.
As for the inevitable political firestorm that would accompany a major push for tax reform, Foley remarked: