yota691 Posted February 1, 2015 Report Share Posted February 1, 2015 Obama proposes tax of 19% on foreign profits 01-02-2015 11:10 AM Free - Will include President Barack Obama's proposals on the US budget tax to a minimum of 19 percent on subsequent foreign earnings for companies based in the US-based, and the tax rate of 14 percent on foreign profits accumulated, according to what she said 'Bloomberg News', citing two people familiar with the Budget, Sunday. She said 'Bloomberg' that the planned part of the budget plan taxes is estimated at $ 3.99 trillion will be applied Monday, aims to help the middle class and the American poor to increase taxes on the rich. She said that the new proposals will be part of a bid for greater reform of the US tax code and reduce the average The current businesses of 35 percent, despite the fact that a small number of companies is to pay the higher rate. But Obama and the Republicans who now control Congress disagree about the size of the reduction of the tax rate, and on the tax exemptions that should be eliminated or reduced to compensate for the lost revenue. He said one of the two people who quotes them 'Bloomberg' the report said Obama wants to use the new revenue to finance infrastructure projects, and that these two items, in addition to the extension of certain laws, for which is expected to end, would provide $ 565 billion over ten years. Link to comment Share on other sites More sharing options...
Deb45 Posted February 1, 2015 Report Share Posted February 1, 2015 From what I understand this is only for US companies not an individual US citizen, right? So this would not apply cashing out as an individual? Link to comment Share on other sites More sharing options...
captl1 Posted February 1, 2015 Report Share Posted February 1, 2015 Unbelievable!! Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 1, 2015 Report Share Posted February 1, 2015 OSI baby OSI 2 Link to comment Share on other sites More sharing options...
Indraman Posted February 1, 2015 Report Share Posted February 1, 2015 Watch US/International Corporations run now!!! If Burger King was an example of what was to come, you will see many more corporations doing the same if this new tax is implemented. Indy Link to comment Share on other sites More sharing options...
yota691 Posted February 1, 2015 Author Report Share Posted February 1, 2015 Obama is proposing a new tax on corporate earnings US President Barack Obama (archive) Sunday, February 1st, 2015 - 21:19 GMT Abu Dhabi Abu Dhabi - Sky News Arabic White House official said that US President Barack Obama's budget for fiscal year 2016 includes a tax once by 14 percent to nearly two trillion dollars of foreign earnings are not subject to taxation, which accumulated US companies abroad and will use the proceeds to finance projects in infrastructure.He also used the money to plug in a box "Wi Trstfend Hai" government. The official said, "This tax means that American companies are now paying taxes on two trillion dollars already possessed abroad rather than delay the payment of any tax US for an indefinite period." He added that in the future budget will propose that US companies pay the tax rate of 19 percent on all revenues Foreign collected by. US President suggestions do not have a great opportunity in the future to be passed in Congress. But it reflects the Democratic Party's desire to increase the tax pressure on the richer, for the financing of new aid for the middle class. Link to comment Share on other sites More sharing options...
10 YEARS LATER Posted February 1, 2015 Report Share Posted February 1, 2015 This ideological fool has to go ! Impeach him, arrest him on charges of treason, muzzle this dog ! This Pin Head has amassed a list of unconstitutional acts a mile long. Somebody, somewhere in this bloated government do something for goodness sake. Defunding is a good start, but between O and Biden, every time they open their maw something utterly stupid and ridiculous comes running out that is all . . . . 1 1 Link to comment Share on other sites More sharing options...
captl1 Posted February 1, 2015 Report Share Posted February 1, 2015 When will it ever end. They will tax every corporation right out of the USA. He is doing his best to destroy this great country! 3 1 Link to comment Share on other sites More sharing options...
Adam Montana Posted February 1, 2015 Report Share Posted February 1, 2015 "Obama proposing a new tax"... wow, didn't see that coming! 3 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 1, 2015 Report Share Posted February 1, 2015 "Obama proposing a new tax"... wow, didn't see that coming! LOL Yeah not like you haven't been talking about it for years. Link to comment Share on other sites More sharing options...
dantach Posted February 2, 2015 Report Share Posted February 2, 2015 "Obama proposing a new tax"... wow, didn't see that coming! Link to comment Share on other sites More sharing options...
bigwave Posted February 2, 2015 Report Share Posted February 2, 2015 "Obama proposing a new tax"... wow, didn't see that coming! Yea that one got me too.LOLOL... Link to comment Share on other sites More sharing options...
Bunk Posted February 2, 2015 Report Share Posted February 2, 2015 What a Guy.. Link to comment Share on other sites More sharing options...
Texstorm Posted February 2, 2015 Report Share Posted February 2, 2015 It doesn't matter what he does no one likes his policies, he will go down as one of the worst presidents in US history. 1 Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 3, 2015 Report Share Posted February 3, 2015 It doesn't matter what he does no one likes his policies, he will go down as one of the worst presidents in US history. ONE OF THE WORST? Link to comment Share on other sites More sharing options...
captl1 Posted February 3, 2015 Report Share Posted February 3, 2015 Undoubtedly the WORST! 1 Link to comment Share on other sites More sharing options...
gymrat76541 Posted February 3, 2015 Report Share Posted February 3, 2015 Don't know why anyone is sweatin' this? The Republican controled Houses will never let it fly! LOL Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted February 3, 2015 Report Share Posted February 3, 2015 Don't know why anyone is sweatin' this? The Republican controled Houses will never let it fly! LOL Thank God! 2 Link to comment Share on other sites More sharing options...
stealthwarrior Posted February 3, 2015 Report Share Posted February 3, 2015 Is this country great or what? Link to comment Share on other sites More sharing options...
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