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Feb 22, 2012

Obama Releases Plan to Overhaul U.S. Corporate Tax Code – Will It Discourage U.S. Business from Keeping Profit Offshore?

Boost U.S. Competitiveness; Create U.S. Jobs?

Partly in an effort to boost the competitiveness of U.S. corporations and partly to induce those corporations to keep or return jobs to the U.S., President Obama proposed a reduction in the U.S. tax rate on corporate profits. Obama’s proposal reduces the standard corporate tax rate from 35% to 28% with a further reduction to 25% for corporations manufacturing in the U.S.» Read More

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