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nytimes.com - 5/4/2009

Obama Seeks to Curb Foreign Tax Havens

— nytimes.com — While most Americans paid their fair share of taxes, President Obama said, “there are others who are... shirking theirs, and many are aided and abetted by a broken tax system.” (more) Obama Seeks to Curb Foreign Tax Havens

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Foreign Policy

Barack Obama

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features.csmonitor.com - 5/5/2009

Obama targets tax havens, and corporate America shudders

— features.csmonitor.com — The plan to crack down on individuals who hide cash in foreign accounts has broad support. But... eliminating tax havens for American companies could put them at a disadvantage internationally, experts say. By Peter Grier | Staff writer/ May 4, 2009 ... (more) Obama targets tax havens, and corporate America shudders

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Bank of America

Barack Obama

Internal Revenue Service

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tpmcafe.talkingpointsmemo.com - 5/4/2009

Why Obama is Taking on Corporate Tax Havens

— tpmcafe.talkingpointsmemo.com — Why, one may ask, is Obama taking on yet another huge fight by taking aim at foreign... tax havens? Yes, it's unfair that multinationals pay an average tax rate of only 2 percent on their foreign revenues, and it's unfair that some wealthy Americans are ... (more) Why Obama is Taking on Corporate Tax Havens

White House

Barack Obama

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ThinkFast: May 4, 2009
Think Progress — ... President Obama will unveil a set of proposals today “aimed at changing international tax policy, calling for the elimination of benefits for companies and wealthy individuals that harbor their cash in offshore accounts.” “The proposed overhaul in the tax code, which will be fully unveiled in the administration’s budget later this week, could help raise $210 billion in revenues over the next 10 years.” ...

Offshore Business Addresses No Longer Tax Free
Hoffmania! — ... ...at least if Obama gets his way. 'Bout time. President Obama will present a set of proposals on Monday aimed at changing international tax policy, calling for the elimination of benefits for companies and wealthy individuals that harbor their cash in offshore accounts. The president and Treasury Secretary Timothy F. Geithner will announce their plans during a late-morning appearance at the White House. The proposed overhaul in the tax code, which will be fully unveiled in the administration’s budget later this week, could help raise $210 billion in ...