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CEOs pushing for new tax reform, dont want to pay taxes on profits from overseas, obama met with CEOs
Ms Sans Serif
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[quote:mrmuffins69:MV8yMDU3NTIyXzM0NTk5NTQzX0ExQTlBNkNC] here is the kicker, [b]President Obama sat down with a group of CEOs on Wednesday (Nov. 14) to talk over the solutions for avoiding the so-called "fiscal cliff." Fix the Debt campaign CEOs have said they would trade in their upper-income Bush tax cuts for a territorial system. But this shouldn't be surprising because "if their companies save billions in tax dollars, corporate profits will soar – and CEO pay will skyrocket too," more than offsetting the increase in their personal income taxes.[/b] [/quote]
if company was incoporated in usa then they wont have to pay taxes on profits generated from overseas, in my opinion it doesnt even matter anymore do half of them even pay the required tax rate? some of the big companies dont even pay any taxes. they call it Fix the Debt.
link to www.ombwatch.org
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