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Obama's budget 2016 tax proposals

Obama's budget 2016 tax proposals
5 Feb 2015

Published in International Tax Review, 5 February 2015

"President Obama unveiled his FY 2016 budget, seeking to replace the existing deferral system for US multinational companies and impose a minimum 19% tax on the their foreign earnings, as well as charging a 14% tax on previously untaxed foreign income."

Tim Wach said, “While one can understand the frustration of US tax policymakers in the actions of multinationals, the proper response would be to address the underlying weaknesses in the US tax system.”

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Taxand's Take

Multinationals and large corporations within the USA should keep abreast of proposed tax changes from the Obama administration.

Taxand's Take Author

Tim Wach
Global Managing Director

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