Firms Fight Overseas Tax Changes Worth Billions

Last year's sheltered earnings could have brought US $20B

By Matt Cantor, Newser Staff

Posted Apr 22, 2009 11:10 AM CDT

(Newser) – Overseas tax reform plans in the works under President Obama would put a serious squeeze on top firms, which under current law can store foreign income abroad indefinitely, reports the Wall Street Journal. Ten of the biggest companies earned $58 billion in 2008 that’s... Read full story »

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Firms Fight Overseas Tax Changes Worth Billions

Last year's sheltered earnings could have brought US $20B

taxes • Treasury Department • tax haven • Obama administration • President Obama • tax shelter

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Top Wall Street Execs Have Direct Line to Geithner

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Time May Be Right to Talk Raising Taxes

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