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Keyword: offshoreprofit

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  • Obama "Engages In Envy Economics": Proposes Offshore Profit Tax To Fund Public Spending

    02/01/2015 11:08:27 AM PST · by SeekAndFind · 13 replies
    Zero Hedge ^ | 02/01/2015 | Tyler Durden
    Just as AAPL stock hits record highs and single-handedly rescues Q4 earnings from the doldrums, it appears President Obama is bringing his own brand of 'middle-class-economics' Robin-Hood-iness to crush the 'wealth generating' machine that has served America's 1% so well for so long. As AP reports, The White House plans a six-year half a trillion dollar public works program financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas. Under current law, profits only face federal taxes if they are returned, or repatriated, to the US; but Obama's new deal would set a tax on...