Obama plans 19 percent tax on U.S. companies' foreign earnings

WASHINGTON (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.




Source: Business

Leave a Reply

Your email address will not be published. Required fields are marked *

17 + 19 =