News And Information On Wall Street, The Crooks That Run It, The Money Wall Street Uses To By Politicians And Coverage Of The People Standing Up To This Greed And Corruption
Wednesday, January 9, 2013
Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas
Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas: Under current U.S. tax law, corporations are allowed to defer paying taxes on their overseas profits, resulting in lost revenue for the federal government of up to $10 billion per year. President Obama has proposed doing away with this policy, somewhat, by restricting the use of tax credits until corporations bring those overseas profits back [...]/p