Obama Takes Aim at Offshore Tax Havens
By Jeff Zeleny
NYT blog
President Obama will present a set of proposals on Monday aimed at changing international tax policies, calling for the elimination of benefits for companies and individuals that harbor their cash in offshore tax havens.
The president, along with Treasury Secretary Timothy F. Geithner, will announce their plans during a late-morning appearance at the White House. The proposed overhaul in international tax rules, which will be fully unveiled this month in the administration’s budget, could help raise $210 billion in tax revenues over the next 10 years.
(Entire post here.)
NYT blog
President Obama will present a set of proposals on Monday aimed at changing international tax policies, calling for the elimination of benefits for companies and individuals that harbor their cash in offshore tax havens.
The president, along with Treasury Secretary Timothy F. Geithner, will announce their plans during a late-morning appearance at the White House. The proposed overhaul in international tax rules, which will be fully unveiled this month in the administration’s budget, could help raise $210 billion in tax revenues over the next 10 years.
(Entire post here.)
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