ITS - International Tax Structures

ITS - International Tax Structures

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  • William Byrnes
    William Byrnes
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    President Obama’s International Tax Proposals in a Policy Context
    http://williambyrnes.wordpress.com/2009/07/15/president-obam...

    Faced with growing pressure to close the rapidly increasing budget deficit, President Obama outlined a series of proposed changes to the international tax system. The plan is touted as ‘levelling the playing field’ and filling tax loopholes that allow U.S. corporations operating overseas to avoid U.S. income tax. This peer reviewed ten-page article available on LexisNexis’ Tax Law Center explains some of the more important aspects of the proposals, firstly applicable to corporations and secondly to individuals, that will impact deferral and international financial centers (tax havens). After explaining the practical impact, the article examines the affect of the proposals in a policy context (considering the efficiency principle in a deferral reform analysis).