Sunday, February 1, 2015

Obama Plans 19 Percent Tax on U.S. Companies’ Foreign Earnings by REUTERS



By REUTERS


President Barack Obama’s fiscal 2016 budget proposes a 19 percent tax on U.S. companies future foreign earnings and a one-time 14 percent tax on roughly $2 trillion of profits being held offshore, the White House said on Sunday.


Published: February 1, 2015 at 04:16AM


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