President Barack Obama's belief that the U.S. tax system pushesjobs overseas and Republican assertions that multinationalcompanies are disadvantaged will make compromise on a new corporatetax code difficult.

Even as business groups and Republican lawmakers praised theadministration's call yesterday for a lower corporate tax rate,they insisted that ending most taxes on foreign profits is anessential part of what ought be a larger overhaul of the taxcode.

The gulf between the two sides on international taxation will bedifficult to bridge if and when the Obama administration andCongress begin serious negotiations on the tax code.

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