features.csmonitor.com - 5/5/2009
—
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 edition Comments Leave a Comment Name (required) ...
nytimes.com - 5/4/2009
—
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
tpmcafe.talkingpointsmemo.com - 5/4/2009
—
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
thecaucus.blogs.nytimes.com - 5/4/2009
Comments
Blog Reactions
Obama Plan To Close Tax Loopholes And Halt Tax Havens Gets Frosty Business Reception
The Moderate Voice —
... The Monitor gives some background:
The move to target individual tax dodgers has significant international support. But the US is virtually alone among nations in taxing the overseas profits of its domestic corporations. Now, Obama would like to see that tax applied more strictly.
In 2004, the most recent year for which data are available, US multinational corporations paid about $16 billion of US tax on $700 billion of foreign active earnings, according to the White House. That is an effective US tax rate of about 2.3 ...
Around the Web in 80 Seconds, 05.05.09
The Latest on Air America —
... in the wake of Swine flu. Here's the Christian Science Monitor on Obama's tax haven assault . AIG is expected to post a first-quarter loss on Thursday, and it appears the U.S. government ...
UBS: Just The Tip Of The Tax Haven Iceberg
Wonk Room —
... According to the Government Accountability Office, 83 of the 100 largest U.S. corporations have subsidiaries in nations judged by the US to be tax havens. In the Cayman Islands, for instance, “ ...
Related Content
Republicans Defend Tax Havens Against Obama Crackdown
huffingtonpost.com 5/4/2009 — President Obama and Treasury Secretary Tim Geithner plan to announce on Monday a crackdown on offshore tax havens that could produce $210 billion in new tax revenue over the next decade.
The White House will face opposition to the proposal from ...
An end to tax havens and banking secrecy?
WWW.samefacts.com 4/3/2009 — I have no idea whether there's any meaning behind the pronouncement from the G-20 summit that the era of banking secrecy and tax havens is over. But if there is, that's extraordinarily big, and extraordinarily good, news. The ease with which the ...
Obama to Crack Down on Business Taxes
time.com 5/4/2009 — President Barack Obama plans to propose changes to tax policy certain to be unpopular with corporations with international divisions and individuals who use tax havens
Obama Targets Overseas Tax Dodge
washingtonpost.com 5/5/2009 — Plan Would Crack Down On Individuals, Firms With Money Abroad Washington Post Staff Writers Tuesday, May 5, 2009
Obama to crack down on business taxes
(AP)
news.yahoo.com 5/4/2009 — AP - President Barack Obama plans changes to tax policy certain to be unpopular with corporations with international divisions and individuals who use tax havens.
The Case for Corporate Tax Reform
yglesias.thinkprogress.org 5/11/2009 — Earlier today I was trying to say something intelligent about the Obama administration’s corporate tax proposals that wouldn’t require me to obtain detailed knowledge of the Obama administration’s corporate tax proposals. So I said ...
Obama Targets Overseas Tax Dodge
washingtonpost.com 5/6/2009 — Plan Would Crack Down On Individuals, Firms With Money Abroad Washington Post Staff Writers Tuesday, May 5, 2009
Follow BeltwayBlips on Twitter
