ARTICLE / US POLICY
Obama Administration Proposes a 19-Percent Minimum Tax on Foreign Earnings
May - June 2015
Read time: 2 min
Overview
The Obama Administration’s 2016 Budget proposes a radical change to the taxation of foreign business operations of U.S. based corporations. The proposal would impose a 19-percent minimum tax on earnings derived outside the United States. Th is new regime would apply in addition to most of the other international tax rules. Th e Administration also proposes to reduce the general corporate tax rate from 35% to 28%.
US Policy
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