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Obama's new corporate tax proposals for multinationals

Obama's new corporate tax proposals for multinationals
Global
6 Feb 2015

Published in The Globe and Mail, 3 February 2015

"Obama is offering more favourable terms – a one-time 14% levy followed by a 19% tax rate on all future earnings abroad, with credits for taxes paid in foreign jurisdictions. Money could then be repatriated without any further tax hit."

Tim Wach said, “A lower corporate tax rate would be the most efficient and effective inducement for the repatriation of foreign corporate earnings.”

Discover more: Access Tim Wachs' full statement>
Discover more: Access The Globe and Mail's full article>


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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.

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Tim Wach
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Global

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