The challenges of creating and maintaining a sound (read “legal”) corporate tax policy has been with corporate finance for years; and International Treasurer has been covering it since its early days. Back in 1998 International Treasurer asked the question: “What is legitimate tax planning and what is abusive?” It’s a question many are still asking in 2014 as a number of US multinationals — most recently Pfizer — are taking what some would consider drastic measures to save on taxes: move jurisdictions. While legal, the Obama Administration might and likely the IRS, see it as abusive. Likewise in 1998, when the IRS felt companies, while adhering to the letter of the law, were abusing the spirit. This time around, will the Pfizer spirit prompt Congress and Administration to accelerate negotiations on corporate tax reform?