The President’s Proposals to Tax Corporate Income Earned Abroad Are Bad for US Jobs and Exports
by Gary Clyde Hufbauer | May 5th, 2009 | 10:14 amTeam Obama has announced a range of tax proposals designed to wring around $200 billion from US-based multinational corporations over the next decade. The political backdrop is the abuse oozing from Wall Street over the past year, huge bonuses, low tax rates on “carried interest,” money stashed in the Cayman Islands, coupled with a widespread [...]