Corporate Tax Exodus

Obama administration unveiled its plan to crack down on corporations using tax havens to avoid paying their full share of tax.
And the remedy according to the author is "the government simply declares that any company doing $50 million or more inside the United States will be taxed as a U.S. corporation."
And if other countries like India follow this then Microsoft & Intel will also be Indian Companies !!!

The Myth of a Corporate Tax Exodus | The Big Money

Source: www.thebigmoney.com

When the Obama administration unveiled its plan to crack down on corporations using tax havens to avoid paying their full share of tax, there was a corporate outcry, especially loud in the business media. Many trumpeted the view of Americans for Tax

And if Obama's other reforms like taxing the companies BPO'ing to third world countries works out, their business itself is likely go to the third word companies!

Carry On Obama!