Obama Budget Plan Would 'Benefit the Worst Corporate Tax Dodgers'
'This is how the rules get rigged.'
by
Nadia Prupis, staff writer



President Barack Obama's corporate tax plan does not go far enough to close wide loopholes for corporations, critics say. (Photo: Barack Obama/flickr/cc)

President Barack Obama on Monday announced a new proposal as part of his 2016 budget to tax the trillions in offshore profits made by U.S.-based multinational corporations, but critics say the plan leaves in place a system that "encourages companies to game the system to avoid U.S. taxes."

The proposal would impose a 19 percent tax on the future overseas earnings of U.S.-based companies, as well as a one-tim ... Read more »